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Generally, the level of precision needed in a short-term forecast is greater than a medium to long-term forecast. True or False. Please explain.
consider competitive markets monopolies and oligopolies. what role does each of these play in an economy? write a 1050
the average of freshman college students is 18.5 years with a standard deviation 0.4 years.a. let x denote the mean
Suppose the Federal Reserve announced that it would pursue contractionary monetary policy to reduce the inflation rate. Would the following conditions make the ensuing recession more or less severe.Wage contracts have short durations.
Firms have tried a number of different strategies to reduce the negative effects of competition on their ability to earn economic profits. What is the strategy is most desirable from the economic efficiency and consumer well being
Use the first order conditions for profit maximisation to show that a monopolist will never produce on the inelastic portion of his demand curve.
If a price taker raises its price above the market price,
Cash flows of two mutually exclusive projects are as follows. Project A costs $80,000 initially and will have a $15,000 salvage value after 3 years. The operating cost with this method will be $30,000 per year.
question 1a. what is adverse selection? how does it harm the economic process?b. what is moral hazard? what are its
consider the isle of lucy a country initially characterized by government regulations that require detailed reporting
Firms that make game systems like Playstation and Nintendo typically charge a price close to average cost on the game system itself, and do not change that price even when the systems are scarce or demand increases. Why might this be a profit-..
The demand for illegal drugs is inelastic. Much of the expenditure on illegal drugs comes from crime. Assuming these statements to be correct, How will a successful campaign that decreases the supply of drugs influence the price
two non-identical firms a b produce identical products for sale in a market. market inverse demand is p 12 - 2q. the
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