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1. What are the differences between economic and accounting concepts of cost?
2. T or F If a firm is making economic profits, and then it must also be making normal profits.
3. How are prices determined under perfect competition?
4. How are prices determined under monopoly?
1. discuss the pros and cons of central banks setting policy based on rules as opposed to setting policy based upon the
Perfect and imperfect multicollinearity: Define perfect multicollinearity either mathematically or explain it intuitively. Explain how imperfect multicollinearity differs from perfect multicollinearity (you may, but don’t have to, use examples).
q.consider republic of netflexs balance of payments in 2009foreign investment into netflex 22imports of goods as well
Graphically illustrate the total surplus associated with 2 randomly chosen quantities in the market (put this on two separate diagrams).
In the long run, both monopolistically competitive and perfectly competitive firms attain
what will be the value of the lost revenue after a 3-year period at an interest rate of 11.940397% per year, compounded continuously?
Demand curve is P=41-Q/100 cost of labor is L= 10. The profit in function is Q=10L. What is the marginal revenue product?
Over the last year your boss has noticed that it would be useful for your firm to understand how consumers behave when variables in the market change and how these changes affect the total revenue for your product. You have been asked to do an analys..
One has yearly income $10000, the other has yearly income $90000. Illustrate what is the Gini coefficient for this society.
Does built in stability mean assume that non-discretionary changes will take place automatically, provide tax rates and systems in a place.
The Duckett Group is trying to determine its optimal average cash balance. The firm has determined that it will need $8,100,000 net new cash during the coming year. According to the Baumol model, what should be Duckett’s average cash balance?
Home and Foreign are two identical countries except that people in Home work twice as hard of those in Foreign. Each has two industries (Steel and Shoe industries), where steel production is capital intensive and shoe production is labor intensive. U..
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