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How do government policies and/or regulations factor into changes in economic activity on both a domestic and global scale?
Annualized sunk production costs are 1,500 - firms cannot recover this expense should they choose to exit. What is the equilibrium price at which firms are indifferent about entering?
According to the textbook, Bill Clinton re-defined welfare by creating the Temporary Assistance for Needy Families (TANF) program. TANF's key feature was its temporary nature. Conclude whether or not welfare assistance has become temporary. Provide e..
The United States is considering relaxing the trade embargo it has against Cuba, how would this affect Cuba's economy in both the short and long run?
When comparing performance during the first five months of 2010 with the performance during the first five months in 2009, which warehouse shows the most improvement?
What are the requirements for something to be considered money? Why does the dollar have value and what does the money supply consist of and what are the respective amounts in the total money supply for the United States?
suppose that in korea the velocity of money is constant real gdp grows by 6 per year each year the money stock grows by
A small open economy produces two goods: Manufacturing (m) and Agriculture (a). Production of manufacturing uses capital (K) and labor (L) while production of agriculture uses land (T) and labor (L), i.e. capital is a factor of production specific..
Consider a monopolist where the market demand curve for the produce is given by P = 520 – 2Q. This monopolist has marginal costs that can be expressed as MC = 100 + 2Q and total costs that can be expressed as TC = 100Q + Q2 + 50.
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The marginal revenue curve of a monopoly crosses its marginal cost curve at $30 per unit, and an output of 2 million units. The price that consumers are willing and able to pay for this output is $40 per unit.
Choose any firm and think about its buying and selling activities -everyone buys and sells, or at least "procures" and "supplies", or otherwise participates in exchange transactions.
Demand for DVD rentals at a video store is described by the equation: Q= 4,000-500P, where Q denotes the number of DVDs rented per week and P is the rental price in dollars.
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