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1) At a price of $9, the marginal revenue of a monopolistically competitive firm is $5. If the marginal cost of production is $7, what should the firm do?
2)For a monopolistic competitive firm, which factor would not increase market power?
Illustrate can be said concerning eCommerce (such as Amazon and other online stores) and individual behavior vs traditional storefront retail and individual behavior.
Ceteris Paribus means all other things being equal. In the Keynesian, Classical, and Solow model, determine the impact of an raise in production technology
Discuss the short-run movement toward equilibrium in the currency markets in a flexible exchange system.
From the following information, find the marginal propensity to consume, compute the expenditure at each level of GDP, and find equilibrium GDP:
Plot the production possibilities frontier in Question 1 on a graph. Measure food along the horizontal axis and tractors along the vertical axis and plot the new production possibilities frontier
Discuss the criticisms leveled by so called "classical" economists at the Keynesian model described above, from the initial simplistic responses
Conflicts between Pat's statements and work. Do you see any conflicts among Pat's statements and trips to Europe.
Discuss the real output and in ation expressions verbally - New Keynesian model with technology shocks
make comparision between the situation after both of these changes have happened with the situation before any of these changes have happened.
Explain what does the transaction of a buyer and seller directly affect a third party. Is the effect a negative or positive externality.
The stock of ABC Corporation will go ex-dividend tomorrow. The dividend will be $0.50 per share, and there are 20,000 shares of stock outstanding.
Computer the amount of manufacturing overhead incurred for the month. Suppose all costs are actual. Using actual costing, compute the cost of one unit.
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