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There are 100 identical firms in a perfectly competitive industry.
Market demand is given by -200P +8000. If each firm has a marginal cost curve, MC = .4 q + 4.
What is the firm's supply curve? What is market supply? What is equilibrium price? Equilibrium quantity? How much will each firm produce?
Economists often assume that insurers set premiums (nearly) equal to the AFP for that plan. Is that an accurate assumption? Is a higher “load” on insurance premiums necessarily a bad thing for consumers? When might a higher load be a sign of problems..
Present a thorough analysis of fiscal policy. Detail the effects of discretionary fiscal policies, the various policy levers, the impact of crowding out, time lags, and automatic stabilizer
Evaluate the relationship between the European Euro crisis in 2012 and the American economy. Assess how this affects American businesses and decisions made by mangers related to sustainable profitability
When a Denver resident purchases a Coors beer (brewed and bottled in the USA), this represents a:
If skilled machinists with advanced computer training and computer operated lathes are complements in production in high tech manufacturing but computer operated lathes are substitutes in production for machinists without computer training (unskilled..
When the polio vaccine first became available in the United States, the government controlled the price with an effective price ceiling. Production of the vaccine was not sufficient to fill all orders and the government had to regulate its distributi..
Considering that the beekeeper gets that amount, what range of payments will the farmer admit.
Calculate the following probabilities: (it may help to answer the question for N = 2 initially, and work your way up. Also assume that there are 365 days in the year) What is the probability that every one in the class has a birthday on January 1st.
Suppose Jane has chosen a combination of two goods, A and B, such that MU/P of good A is 10 (MUA/PA = 10), and the MU/P of good B is 10 (MUB/PB = 10). To increase utility with the same amount of money, Jane should:
______An organizational form that is based on direct lines of authority from the top executive to the lowest level of employees is called
Suppose the Council of Economic Advisors (CEA) hired you as an Economist (Economic consultant). The head of the council tells that she believes the current unemployment rate of 9% is too high. They would like to increase real aggregate output (RGDP)...
Absolute advantage is determined by (a) actual differences in labor productivity between countries (b) relative differences in labor productivity between countries (c) Both A and B. (d) Neither A or B
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