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suppose that a competitive industry is in a long run competitive equilibrium. then the price of a substitute good in consumption decreases. what happen in the short run to market supply and demand curves, market price, the firm's output, the firm's profit
What is the marginal product of the second employee. What is the marginal revenue product of the fourth worker.
Select also research an industry where there has been a pattern of change in a particular market model
Assess the role of the Federal Reserve in mitigating the negative impact of the 2008 financial meltdown on the economy.
explain why a rise in the price of gasoline is likely to have more of an effect on consumers than a rise in the price of strawberry milk shakes.
Illustrate what are the factors that determine the demand for and provide of money.
Discuss industry concentration, demand and market conditions and the pricing behavior of Kodak in the 1990's. Do you think the industry environment is significantly different today.
Using this demand function, find the total revenue function. What is the shape of the total revenue function.
Elucidate using a diagram the substitution also income effect which would result from a change in the price of a normal good.
Illustrate what would the peso-dollar exchange rate be if purchasing-power parity holds. Explain how can the organization use technology to change this balance for an advantage.
According to comparative advantage, in which industries would you recommend the country to specialize. Has the country specialized in your suggested industries.
Does Ike feel emotionally neutral since the dollar value of the gain in his stock portfolio exactly offsets the amount of extra taxes he has to pay
terrorist attacks on the World Trade Center and the Pentagon affected short and/or long-term productivity in the United States. Explain your response and show any movements in the PPF.
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