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Illustrate the average cost, marginal cost, and marginal revenue for a firm making a positive economic profit in a short run, perfectly competitive environment. Indicate the profit. Now illustrate what will happen to this profit in the long run.
One method of price discrimination for firms is the use of coupons and rebates. Firms are basically allowing consumers to self-identify their respective price elasticities o
An unwritten, unspoken contract, also known as "a contract implied by the acts of the parties", which can be either an implied-in-fact contract implied-in-law contract, may
a. If you buy the bond for $920, what is its nominal yield to maturity? b. What is the bond's ex-ante real yield to maturity, if the inflation rate is expected toaverage 2%
Assume that the Wall Street analysts believe the industry has good growth prospects. The audit client is predicting a 20% increase in sales and a 27% increase in profits for
Drawing on Carbaugh's discussions in Chapters 6 and 7 concerning industrial policies, strategic trade policy, the trade problems of developing nations, import substitution, an
If you assume that the forward rate is a predictor of the future spot rate, does it suggest that the Dollar should have appreciated or depreciated from 2001 to 2002? (round
Draw the IS-curve. What is formula for the slope of the IS-curve, Δr/ΔY? If e = 0, draw the investment curve and the IS-curve. What does this imply? How is the slope of the IS
Calculate the equilibrium price and quantity in this market and illustrate this graphically. Calculate the price elasticity of demand at the equilibrium. Is this elastic or in
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