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What do you think about the most important determinants that impact demand for banking industry's product or service? What do you think are the most significant determinants that would impact the supply part of the banking industry?
What are the impacts of innovation and technology on the cost of production?
What is the approximate Herfindahl index? What is the four-firm concentration ratio?
What is the Underground Economy? What effect, if any, does the Underground Economy have on the entire economy? Is it positive, negative, or has no effect?
What is the equilibrium? If the government freezes the price of gasoline at its initial equilibrium price, how much of a surplus or shortage will exist when supply is reduced as described above?
Explain the difference between the demand curve facing the monopoly firm and demand curve facing the perfectly competitive firm.
A price floor is set by the government to protect the producer of the good to which price floor has been attached. There're two possible outcomes for market in price floor setting.
At a management luncheon, two managers were overeat arguing about the following statement "A manager must never hire another worker if new person diminishing returns". Is this statement correct? If so, why? If not, discuss why not?
Employ the following information on hypothetical short-run production function to answer questions a-d. Compute the marginal and average variable product of each unit of labor input. Hint: plot your Units of labor and Units of Output vertically.
Here is the information you require to answer the question. This information is taken from the graph. So you will require to draw the graph to answer the questions. The best level of output for monopolist in short run is 500 units and is given by p..
Discuss the relationship existing between production and cost. What is the MC function of the above TC function?
Supposing the marginal cost curve is for a competitive industry as a whole, find out the profit-maximizing level of output and price.
In our treatment of the Ricardian model We have focused on the case of trade involving only two nations. Assume that there are many nations capable of producing two goods
Sketch a production possibilities curve (not a straight line), with consumer goods on the horizontal axis and capital goods on the vertical axis.
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