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Explain why the marginal revenue curve for a monopolist lies below its demand curve, rather than coinciding with the demand curve , as is the case for a perfectly competitive firm. Is it ever possible for monopolist's marginal revenue curve to coincide with its demand curve?
Bush proposed for government expenditures in the case of a recessionary gap? What is the effect of his policies on the federal government budget?
Suppose that the adult population is 4 million, the number of unemployed is 0.25 million, and the labor-force participation rate is 75%. What is the unemployment rate and which contract should the player accept, based on the concept of present valu..
Illustrate what are the pros and cons of a company that competes in a global environment. How do you think this has affected the U. S. economy and the global economy.
Suppose the U.S government decides that the incomes of dairy farmers should be maintained at a level then how much surplus milk will be produced as a result of this policy.
Illustrate what is the least-cost input-combination of labor and capital and how much output is produced with that set of resources.
Assume the price of the futures contract changes as shown in the following table. Enter the relevant information into the table. Show your calculations.
Draw the supply of agricultural land. If a tax is imposed on all agricultural products, who would bear the burden of the tax, the owners of agricultural land or the producers renting that land? (producers of agricultural products are in this case ..
What level of aggregate output does the consumption curve cross the 45 degree line and derive the savings and consumption functions, and draw a graph showing these functions.
Please evaluate the effect of the following scenario on the AD curve, AS curve, and accordingly the effect on equilibrium price level and equilibrium GDP/output.
Pam, having recently graduated from college, is looking to work for 2 years before she enters graduate school. She has received 2 job offers with the following salary structures:
Suppose there are only two firms. It is better to be a quantity leader in a Stackelberg model than a member of a cartel in a one shot market. Use a graph if you want.
Suppose you can invest in education that costs $10,000 each year for two years in a row. After that, you will receive additional income in the form of a higher salary of $15,000 for three years. If the interest rate is 4%, is this a good investm..
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