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A firm has $1,900,000 in sales, a Lerner index of 0.55, and a marginal cost of $50, and competes against 800 other firms in its relevant market.
Instruction: Round your answers to 2 decimal places.
a. What price does this firm charge its customers?
b. By what factor does this firm mark up its price over marginal cost?
Do we have enough money in circulation in the public? Explain. Do you think that it is necessary to control money supply. Why or why not? Explain. Is it good or bad to have too much money in circulation in the public? Explain.
African Americans, then examine through the use of historical evidence whether these factors can elucidate civil rights progress during the "Two Reconstructions".
Compute the price of a bundle containing 100 units of good X, 150 units of good Y, and 25 units of good Z.
(All numbers in the thousands) In May 2015, the civilian non-institutional population was 250,455. The number of employed workers was 148,795. The number of unemployed workers was 8,674. The number not in the labor force is 92,986. What was the unemp..
Discuss the types of barriers to entry, and explain whether each type is likely to provide long-term monopoly power. What are the allocative and distributive differences between monopoly and perfect competition? What causes these differences?
Provide details on the fiscal policies between 2000 and 2010 and examine how they were related to macroeconomic issues at the time.
In the 1970s, information technology was primarily concerned with _______, while today information technology is the focus.
Include an example in which the government has used either economic or social regulatory activities. Illustrate do you agree with this regulatory activity.
Discuss which economic relationships you have studied up until now (not just in this class, but in all your economics classes) could be estimated using the simple linear regression model as well as the information you would need to estimate such a re..
q1. the price of good is 1.20 per unit also annual demand is 800000 units. market research indicates that an increase
Consider a supply and demand model of the wholesale gasoline market. If a tropical storm forces some refineries to temporarily withdraw from the market, what curve shifts and in which direction?
What happen if he goes to market, he must feed the horse 50lbs of rice. draw the budget constraint for beans and rice
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