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Presume that a profit-maximizing monopolist has a plant of the optimal size and is producing a level of output at which price is $30, average fixed cost is $40 and average total cost is $55. The firm must
a. operate in the short run.
b. shut down in the short run.
c. exit the market in the long run.
d. continue to operate in the long run.
e. both a and c.
Why does the short-run market supply curve for a product slope upward to the right? Why does the long-run market supply curve generally slope upward to the right?
Find the equilibrium price and quantity traded and illustrate the equilibrium on a diagram (assuming there are no taxes or subsidies, and the notation is the same as that in question 2).
a examine your y data excluding the hold out period to determine if it needs to be differenced to make it stationary.
Using an aggregate supply diagram and aggregate demand or model of the economy, graphically explain and discuss the short-run and long-run effects.
beth and bob salerno are looking at a home loan of 250000 and have been quoted 3.75 for a 30 year loan compounded
how do you define social diversity and business ethics? how has a more diversified labor force affected the corporate
Assume that a very competitive start-up enters the market in direct competition with the oligopoly you described in the e-Activity, initially gaining a 12% market share.
The same rightward shift of the demand curve may produce a very small or a very large increase in quantity, depending on the slope of the supply curve. Explain this conclusion with diagrams.
The firm's president concurs with the opinion of the executive vice-president and As the head of marketing you respond with a memo pointing out that the price elasticity of demand for the firm's product is about -0.5. Why is this fact relevant?
write 400-600 words that respond to the following questions with your thoughts ideas and comments. this will be the
Describe the industry and explain the general pattern of change of the particular market model and hypothesize the basic short-run and long-run behaviors of the model in the industry you have chosen in a "market economy."
suppose that you are hired as a consultant to a firm producing a therapeutic drug protected by a patent that gives a
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