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Q1. Assume that restaurant charges $11 / meal for 180 meals as well as that the marginal cost of the 180th meal is $8 in long-run equilibrium. Explicate what is the size of firm's revenue?
Q2. The World economy and the U. S. are still in a period of high and slow growth unemployment. As we in the U. S. are previously in an election year, does the Political Business Cycle still exist? Do current politicians use to manage and influence to get reelected? Is this a "valid" use of political power? How does this impact business firms? Discuss.
Using the numbers that you calculated above, explain the relationship between the marginal cost and average variable cost.
Afterward on same day Jane Harris discussed a loan for $5400 at same bank. Exemplify after these transactions, the supply of money.
You read in a business magazine that computer firms are reaping high profits. Assume that the computer market is perfectly competitive.
Represent graphically the effects of an expansionary monetary policy and a contraction fiscal policy in the IS/LM/FX model.
The two smallest banks have proposed merging. Under the standard merger guidelines of the Federal Reserve and the Justice Department.
Elucidate relationship among production curves average product and marginal product also cost curves average variable cost, average total cost and marginal cost.
As control variables, Quinn's data also includes income the individual earned in the month the data was collected, and the amount that it rained in the month the data was collected.
What are some methods for improving the financing of the U.S. health care system. Are these methods realistic and achievable? Justify your answer with solid reasoning and appropriate references.
Calculate the original market equilibrium price and quantity in absence of the price support policy.
Why might these firms agree to form a cartel. If such a cartel is formed, use the prisoner's dilemma to explain why it may or may not survive.
Assume that during the last month of the tenth year of ownership, the property in Problem 2 is sold for 1,500,000. Assume also that the seller incurs transaction costs equalling 6 % of the sales price.
Jim Vendors is viewing about manufacturing a new type of electric razor for men. If advertise were favorable, he would get a return of $100,000.
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