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3. Analyse the two following situations for forms in competitive markets: a) suppose tha TC =100 +15Q, where TC is total cost and Q is the quantity produced. What is the minimum price necessary for this fi to produce any output in the short run?
Suppose that MC=4Q, where MC is marginal cost. The perfectly competitive form maximizes profits by producing 10 units of output. At what price does it sell these units?
Semiconductor chips are used to store information in electronic products, such as personal computers. One of the early leaders in the production of these chips was Texas Instruments (TI).
Numerous times in the lectures labelling the vertical axis as euro per $ and the initial supply and demand curves labelled with 12/07, Label this initial point as point A.
Sketch the extensive form of the game, carefully labelling the players that move and the actions they have available
Steps that a government take to ensure that sustainable development is always considered in assessing which major economic projects or investment proposals to accept
Dependency theory characterizes countries as being either in the center or on the periphery
A business cycle fact is that real wages are pro-cyclical. Using the classical labour market as we have all semester, show and explain how the classical economists explained this business cycle fact.
This document contains various important questions and their appropriate answers in the subject field of Economics.
What is a one invention that had good impact on the international economy and why. What were the impacts of this invention were impact good or bad.
Suppose at the current level of labor used, the MRP = $100 and the MFC = $50. Elucidate the maximize profits
A cousin of James Darwin, examined the relationship between the height of children and their parents
Firms raise capital from investors by issuing shares in the primary markets
The largest loan that the bank can make on the basis of the new deposit. If the bank chooses to hold reserves of $3,000 on the new deposit, what are the excess reserves on the deposit.
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