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Q. A perfectly competitive industry in a constant-cost industry produces 3,000 units of a good at a total cost of $36,000. Prevailing market cost is $15. Illustrate what will happen to number of industries in industry and to industry's output in long run?
Zelda Manufacturing has are unique product that sells for $15 per unit and marginal cost is $7.50. Conclude Lerner index for Zelda Manufacturing. Does this index indicate market power.
Include an example in which the government has used either economic or social regulatory activities. Illustrate do you agree with this regulatory activity.
Explain how did the early classical economists view the relation between productions also consumption.
what would be best advice to a person who wants to lean more about political issues. Watch only television news and commentary shows daily.
Elucidate why a currency appreciation does not improve a nation's balance of trade.
Illustrate the situation: Firm X develops a new product and gets a head start in its production. Other firms try to produce a similar product but discover they have higher average total costs than the existing firm.
Should Joe continue to search or buy a DVD player at a price of $200. Elucidate your answer and show your calculations.
Suppose that firm A and firm B can form a joint venture to pursue either or both of their R&D programs.
illustrate what do you think will characterize the goods which the EU exports to the United States also the goods which the United States exports to the EU.
Explain how the strength of the economy as a whole could affect the marginal benefits also the marginal costs associated
Why might bad cars drive good cars out of the used-car market. Give at least two possible solutions to resolve this paradox.
Illustrate what share of GDP is composed of consumption. Illustrate what share of GDP is composed of investment.
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