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The perfectly competitive firm will be in the long run equilibrium whenever price is:
A) Equal to average cost
B) Equal to minimum average variable cost
C) Greater than minimum average cost
D) Greater than minimum average variable cost
Why is the U.S. GDP so much higher than that of Mexico? Would the same reasons apply when we compare the U.S. GDP to Canada's GDP?
Do you think the overall level of R&D would increase or reduce over the next 20 to 30 years if lengths of new patents were extended from 20 years to, say "forever"?
The widget industry is currently a monopoly facing the demand curve P=200-20Q, where Q is total industry output. Firm 1 is the monopolist and has a marginal cost of $20. Firm 2 is a potential entrant and must pay $130 up front to enter. Once it pa..
as we have discussed the dotcom failures in the early 2000s were in part due to a clear lack of a business plan
Should the government subsidize college education so that it can be provided with very low tuition?
health care financial management is complex and an effective health care administrator must understand what makes up
Why do business departments have more money than other aepartments What economic measures can be taken to relieve the differences in salaries
How has the housing market crash affected urban sprawl and what do you think is the greatest problem facing the suburbs, especially if it is a growing area?
You want to start a company, and are trying to decide between two different industries. You are doing your final research before you write your business plan. Industry A has 20 firms and a Concentration Ratio (CR) of 30% What is the name for this ..
Using the following information, calculate total utility and marginal utility.a. Plot the total utility curve.b. Plot marginal utility directly below total utility.c. At what marginal utility value does total utility reach a maximum?
draw an ad-as diagram representing the u.s. economy in a recession. also draw a diagram of the u.s. labor market in the
please write a 700-1000 word paper in which you address the questions below. also please do your best to format your
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