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If a firm finds that one of its main products exhibits characteristics of vertical product differentiation, what might the firm do in order to increase the profits from this product? How would you show this with a simple supply and demand diagram? If this firm was monopolistically competitive with a "u-shaped" cost structure, how would you show the results of this firm's attempt to increase its profits?
Elucidate how the equilibrium quantity for the representative firm on the same graph.
Assuming that your opportunity cost funds interest rate is 5% which refrigerator would you buy and why.
Illustrate what are the firms ATC per unit at these three levels of production. If every firm in this industry has the similar cost structure, is the industry in long-run competitive equilibrium.
Describe, using complete sentences, at least three specific features which your ideal bank would provide to you.
New manufacturing technologies are often viewed as labor saving in nature. Using a production possibilities frontier with manufactured capital goods on one axis and labor-intensive goods on the other axis.
Elucidate any of the assumptions required for the Coase Theorem likely to be violated in an important way.
Utilize your general knowledge of equilibrium prices to explain why the previous interest rate is no longer sustainable.
Assumptions make the nation easier to understand because they simplify reality and focus our attention.
Suppose a consumer's preferences can be described. Derive the customer's marginal rate of substitution at the point.
If the variable is almost normally distributed does that mean you use common distribution.
Explain how does this affect the supply of beef. Explain how does it affect the supply of beef worldwide.
The electric power industry is held up in the article as an example of a natural monopoly. Brainstorm other examples that can be readily identified in the present market economy.
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