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The Bureau of Labor Statistics and Federal Reserve Bank in St. Louis both have a lot of economic information. Based on current economic information, for the industry you are familiar with, discuss the positive and negative effects of either a sudden increase or decrease in the number of competitors on prices in the long run. What would you recommend as a course of action, if any? For the industry you have chosen, discuss how price moves from today to the future.
Explain briefly why the sellers and buyers are each willing to do so. What is the total cost of pollution reduction in this situation.
The economys business cycles are not well synchronized with any of the world's largest economies and policymakers.
Decreasing returns to scale refers to a situation where an increase in a firm's scale of production leads to lower costs every unit produced.
She can charge different prices in the two markets. Illustrate what is the profit-maximizing combination of quantities for this monopolist.
Explain the concepts of scarcity also choice also elucidate how they function in economic system.
The government wants to increase real GDP demanded to $15 trillion at the given price level
Represent graphically the effects of an expansionary monetary policy and a contraction fiscal policy in the IS/LM/FX model.
Calculate the marginal cost function. What is Chill man's profit-maximizing cost as well as output combination.
Draw the payoff matrix for this game. Elucidate any possible Nash equilibria in pure strategies for this game.
Write down the profit maximization problem for the rm.
Illustrate what factors do you use to determine whether to invest in the additional capital and labor.
In a market economy, every resource will tend to be paid according to its marginal product. Highly productive resources will command high prices, whereas less productive resources will command lower prices.
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