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Bob's lawn-mowing sevice is a profit-maximizing competitive firm. Bob mows lawns for $27 each. His total cost each day is $280, of which $30 is a fixed cost. He mows 10 lawns a day. What can you say about Bob's short-run decision regarding shutdown and his long-run decision regarding exit?
Explain why, for a perfectly competitive market, long run equilibrium implies zero economic profits. and Does this mean zero accounting profits? Explain.
In? economics, the short run is the time frame in which? ______ and the long run is the period of time in which? ______. the quantities of some factors of production are? variable; the quantities of all factors of production are fixed B. the quantiti..
An economy has 110,000,000 people employed 8,000,000 unemployed, and 4,000,000 discourage workers. The conventional measure of the unemployment rate is what percent?
If the government purchases also taxes are both increased by $100 billion simultaneously illustrate what will the effect be on equilibrium output.
Using economic concepts, describe why the policies toward CO2 and lead emissions from automobiles have been drastically different in the U.S. To do this, first describe the type of pollutant, the efficient allocation of each pollutant, the policy reg..
Discuss an element of money of interest to you; i.e. its function, creation, deposit. Your post should be unique and different from any classmate. You can use the course textbook as well as the internet for your source. Be sure to make reference to a..
q.in the cagan model if the money supply is expected to grow at some constant rate m sothat emt s mt sm then equation
q1. the government is involved in providing many goods and services. for each of the goods or services listed determine
write an explanation of the short-run effect including the determinant of ad or as that is causing the shift the line
Evaluate the financial performance of the automotive segment of GPC from 2007 to 2011.
Using any data set on the wages of a large number of American workers, it is easy to show that on average the wages of Asian-Americans are higher than the average wage of the population as a whole. Does this fact necessarily demonstrate that there is..
One container requires 2 days in fabrication time. Setup times are negligible. If policy variable for unforeseen circumstances is 10 %, how many containers should management authorize for lens replenishment system.
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