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Suppose the minimum average variable cost of producing a good falls due to technological improvements. Show in a diagram how this affects the supply curve of a typical competitive firm and the supply curve of all firms in the industry
Allied company machines produces the output that it sells in the highly competitive market at the price of $100 per unit. Its inputs include two machines (which cost the firm $50 each) and workers
The machine will have an annual maintenance and operation cost of $1500. All projects are expected to generate a return of 10% per year. How many tons per year must be finished in order to justify the higher purchase cost of the auto-feed mac..
1. you have been working with each environment individually now its time to integrate and synthesize.2. perform
The combination of rational expectations and perfectly competitive markets is best reflected in which of the following models?
A busy attorney regularly works out with the help of a trainer at the local gym. She pays $400 per month directly to the trainer for this service. Over time, the two fell in love and got married.
pricing strategy varies significantly across different market structures. the pricing guidelines in a monopoly market
What is the size of the firm's profit. Suppose that the allocatively efficient output level in long-run equilibrium is 200 meals. Is the deadweight loss for this firm greater than or less than $60?
the government is considering undertaking one of the four projects a1 a2 a3 a4. these projects are mutually exclusive
What would be the steel company's output if it employs 150 units of capital and 200 units of labor?
The marginal propensity to expend is 0.9. Autonomous expenditures are $4,600. What is the level of equilibrium income in the economy?
Clear Limited produces Plasma TV and distributes to retailers under her own house brand. Recent trend in market seems to favour adoption of TV using either LED technology.
Discuss some of the factors Autor identifies as having contributed to an increase in the demand for highly-educated workers and a decrease in the demand for less-educated workers.
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