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The breakfast cereal industry has a four-firm concentration ratio of 78 percent. Is this enough information to classify the industry as an oligopoly? Is a high concentration ratio evidence that an industry is not competitive?
An open economy with a fixed exchange rate follow a money growth rule successfully if capital moved freely across its borders..
If Projects B and G are mutually exclusive, explain how would that affect your overall answers. That is, which projects would you accept in spending the $80,000.
If the actual price in this market were below the equilibrium price, illustrate what would drive the market toward the equilibrium.
Assume that a industry produces 200000 units a year and sells m all for $10 each. Furthermore, assume that marginal external damage of this product is $6 per unit. How many more units of this product will free market produce than is socially.
What output level will the competitive firm choose in order to maximize its profit? What is the price at this output level?
Producers will be made to pay a tax for each beer sold. Use a graph to elucidate why the tax burden will not actually fall on the people that this person wants to punish.
Calculate point price elasticities of demand for each customer product at activity levels identified in part A.
If the nominal exchange rate were 1.2 Canadian dollars per U. S. dollar, illustrate what would be the real exchange rate.
Illustrate what would be the new equilibrium price of hoods to the truck manufacturer.
PL is the price of unskilled labor in dollars (the wage rate = $6), PC is the price of capital as a percentage, I is family ncome also PS is the price of California oranges.
analyze the following production data and prepare a proposal suggesting how to maximize profits.
Describe the difference between average revenue and marginal revenue. Why are both of thes revenues measures important to a profit maximizing firm?
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