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Suppose you are hired to manage a small manufacturing facility that produces a particular product.
Part A) You know that you are operating in a monopolistically competitive market, that is, you are a small part of a large market with many competitors in this market. From data collected, you know that market demand has recently decreased and market supply has recently decreased.Name two shift factors/determinants that can cause the market demand to decrease and two shift factors/determinants that can cause the market supply to decrease.
Part B) Now, suppose that the following change occurs: a complimentary good goes down in price. What decisions will you make regarding production levels and pricing for your production facility based ONLY on this change (ignore the changes discussed in part a)? Should you increase or decrease production? Should you increase or decrease price?
With regards to the changes within the economic structure, how do politics and government regulation factor into the changes we see to economic activity on both a global and domestic scale? What actions have either helped or hindered our progress?
The problem belongs to Economics and it is describe about calculating the number of units of output for profit maximizing and the price to be charged and the predictions for the long run, etc have been given.
Calculate an equilibrium income (IS) schedule/curve. For your answer simply indicate the equilibrium income associated with each different rate of interest.
What is the monopolist's optimal markup of price above marginal cost
The conclusion that the level of output is efficient at the market equilibrium rests on all of the following assumptions EXCEPT that __________ . A. buyers and sellers are well-informed B. there are no external costs or benefits
Explain how the unemployment rate could cause us to arrive at misleading conclusions about the condition of the job market. Do you feel that changes in the unemployment rate overstate or understate our level of economic activit
the net exports effect is the impact on a countrys total spending caused by an inverse relationship between the price
A company is considering purchasing a copy machine. The information is given : Investment cost $30,000 Expected life 5 year Market salvage value -$2,500 (negative means that there is a net cost to dispose of an asset) Annual receips $23,500 Annu..
The cost of paving a new multi-use trail is $1.7 million. Minor repairs and up-keep will cost $100,000 per year. Every 10 years the trail will need a major re-surfacing at a cost of $850,000. These costs will continue indefinitely.
The market demand function of a company is given by 8P + Q - 64 = 0, and the company's average cost function takes the form AC = 8/Q + 6 - 0.4Q + 0.08Q2.
Minimum wage laws are controversial for many reasons. One is that they may not be beneficial to the workers that they are most intended to help.
What does corporate social responsibility mean to you
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