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in long-run equilibrium, both prefectly compeitve and monopolistcally competitve markets achieve a tangecy between the firm's dd demand curve and its average cost curve , the tengency for a monopolistic compeetitor, while displays the tegency for a perfect competitor . discuss the similarities and differences in the two situations with respect to : A. the elasticity of the demand curve for firm's product .
When 50 employees are used, the average product of labor is 50 and the marginal product of 50th worker is 75.
Prepare a analysis by answering the questions below. Be sure to cite your references using APA format.
Using the simple Keynesian model to assess the implications for equilibrium GDP and the level of savings of an increase in the savings function. What eventually happens to the level of savings? What would happen to equilibrium income if there is a su..
Illustrate what effects would their combined actions have on GDP. Illustrate what effect would this have on your industry.
For each of the following events, state whether the aggregate demand curve would increase, decrease, or stay the same.
The types of machines that are used to make stained glass windows in the 21st century and the prices of each machinery.
Price comparison services on the Internet (as well as shopbots) are a popular way for retailers to advertise their products and a convenient way for consumers to simultaneously obtain price quotes from several firms selling an identical product.
What is Nash Equilibrium output for his supposing that the two firms choose their production quantities simultaneously?
Article: Why you should worry about big oil. The oil industry is in the business of extracting and selling oil. It is the goal of the oil companies to do this as efficiently as possible.
Calculate the long-run equilibrium values of r and P, assuming that the potentiallevel of output (Y*) is equal to 3500 monetary units.
Discuss the specifics of any cases/examples you use and the implications of same on local citizens of that country.
how would outcomes be affected if people, on average, preferred to work for themselves rather than for someone else, i.e., if on average people preferred self-managed to alienated labor?
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