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A firm has $2,000,000 in sales, a Lerner index of 0.56, and a marginal cost of $35, and competes against 900 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?
Discuss the problems associated with having a persistent vs. temporary current account deficit and determine which one has the greatest long-term implication.
For what values of λ and y will signaling occur (a separating equilibrium)? For what values of λ and y will signaling not occur (a pooling equilibrium)? Briefly explain.
Suppose you have a limited money income and you are purchasing products A and B whose prices happen to be the same. To maximize your utility you should purchase A and B in shuch amounts that?
Suppose instead that the price of DVDs is $20. Now what is the profit-maximizing quantity of DVDs that Bob should produce? What will his total profit be now? Will he produce or shut down in the short run? Will he stay in the industry or exit in the l..
1. consider the sherwin-williams company example discussed in this chapter seetable 4.1. suppose one is interested in
Why are real wages in the United States higher than in other countries? Is the labor force itself responsible for the higher wages of American workers? Explain.
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joe smith is a 27- year-old caucasian male who works two part-time jobs for two different construction companies. joe
Which of the following utility functions are consistent with convex indifference curves and which are not?
in 2003 to 2004 the canadian dollar appreciated against the us dollar. explain the effects of this
Sidney Featherstone of TIP, Inc. is owner and CEO of the company. He has made the company successful through his decision making over the years. This year he decided to retire to Costa Rica. He does not intend to change any aspects of decision mak..
in order to answer the questions you will have to analyse the datasetattached via usinggretl or other statistic
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