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Discussion Board
Given that you are a vice-president of a corporation and you will need to explain to your board, when asked, how would you explain the major features of monopolistic competition compared to pure competition and pure monopoly?
How does monopolistic competition within a firm reflect the circular flow?
How much would each farmer produce in the long run? How many farmers would exist in the industry in the long run and
EyeSolutions is the proud creator of eyeTab, a leading eReader. Market research shows that there are two types of consumers: 2 million avid readers, whose willingness to pay is $350; and 3 million occasional readers, whose willingness to pay is $200...
A monopolistically competitive firm has short-run production function given by Q = 5L0.8 , Assume the wage rate is $12 and the firm's fixed cost is $500. If demand for the firm's output is P = 350 - 4Q - Determine the firm's profit
Carefully explain what will happen as we move from the short run to a long run equilibrium in a monopolistically competitive industry if firms are making a positive profit in the short run. Your explanation should clearly state what will happen t..
Assume that the following data are known for a mechanical part under design: Load Stress is normally distributed with? s=15,000 psi and?s=4,000 psi Strength of part is also normally distributed with ?ST=30,000 psi and ?ST=3,000 psi What is the safety..
Find the price and the quantity at the intersection of two demand curves with a kink - Discuss the difference in implication behind the portions of two demand curves.
tammy monahan is considering the purchase of a home entertainment center. the product attributes and weights she
what impact would a change that shifts an economys production possibilities curve outward have on the long run
What is the price elasticity of demand compares the percent change in quantity demanded relative to the percent change in price - this is done by taking the change in quantity demanded by the change in price.
How does analysis of demand contribute to business decision making give your answer with reference to the responsibilities of a sales manager?
According to studies undertaken by the US Department of Agriculture, the price elasticity of demand for cigarettes is between - 0.3 and - 0.4 and the income elasticity is about + 0.5.
Third national bank had a reserve of $20000 and checkable deposits of $200000. The reserve ratio is 10%. Households deposits $5000 in currency into the bank and that currency is added to reserves. What level of excess reserves does the bank now..
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