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A. What is the shape of the demand curve faced by an individual firm operating under perfect competition? Why does the curve assume that shape?B. If a firm operating under perfect competition cannot cover its variable costs in the short-run, will it continue to produce? Why? Explain.C. What is the shape of the demand curve that the firm operating as a monopoly faces? How does the firm's demand curve differ from the industry demand curve? Explain.D. Under monopoly, what is the relationship between price and marginal revenue? At what point does the firm produce in order to determine the output level and price required to maximize profits?E. As a monopolist, a firm will produce a given output at a particular price in order to maximize its profits. What is the overall constraint, if any, on the monopolist with regard to price and the quantity produced?
Calculate the multifactor productivity figures for labor and capital together. Elucidate why these figures might be greater in the subsidiary.
Assume the Required Reserve Ratio is 10% and the balance sheet of the People's National Bank looks like the accompanying example:
In both countries, g=0.02 and δ=0.04. Find the steady state value of y for each country.
Illustrate what are the four supply factors of economics growth. What is the efficiency factor? Please illustrate these factors in the terms of the production possibilities curve.
What is the difference between the medium of exchange and the store of value? What is the difference between commodity money and fiat money?
For a perfectly competitive firm the price is $2 per unit. At this price the firm is producing and selling 10,000 units. It costs $1.50 to produce the last unit. Should the firm produce more? Less? Why?
Write your individual answers to the questions listed above together in essay format (minumum of 300 words combined in APA style), using correct economic terms covered in the discussions. If you only write 300 words, you probably won't be able to ..
Describe the spot and 12-month forward exchange rates and determine any change in the ROS repatriated in 12 months based on exchange rates versus the current forecast.
Which aspects of the Great Depression are echoed in the ongoing economic crisis that began in 2008.what is different about the two periods.
Elucidate what is your interpretation as to whether or not capital gains taxes should be raised or lowered.
Suppose a country's nominal GDP is $600 billion, government expenditures less debt services are $145 billion, and revenue is $160 billion.
What types of inefficiencies and/or externalities arise in each renewable resource case that interferes with sustainable and efficient management results?
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