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Suppose that initially the price is $50 in a perfectly competitive market. Firms are making zero economic profits. Then the market demand shrinks permanently and some firms leave the industry and the industry returns back to a long-run equilibrium.What will be the new equilibrium price, assuming cost conditions in the industry remain constant?
Illustrate what factors seem to be most important in determining development also why
Illustrate what alternative decisions might you be able to make in the long run. Explain in 1 to 3 pages Clearly explain the factors of consider as your "Fixed Factor" and alternative short term and long term decisions.
Give an example of the type of retailer that might use this method. Explain how using this method would affect a retailer’s stock control.
Explain a situation in which the outcomes of classroom experiments deviated from standard economics theory. What insights were learned from these outcomes and how are they incorporated into the standard theory they attempt to model?
Illustrate what is the size of the labor force. Illustrate what is the official unemployment rate.
How to design an experiment to test the theory that changing the oil of the new backhoes and forklifts will reduce repairs.
Prisoner's dilemma is a game that has been and continues to be studied by people from a variety of disciplines, from biology to sociology to public policy. Prisoner's dilemma is believed to be one of the most powerful metaphors in all of human behavi..
If Plonk and Brew operated in a Cournot oligopoly, explain how much output will each of them produce in equilibrium.
Explain how will the bank respond to the withdrawal. Suppose that the bank responds to insufficient reserves by reducing the amount of deposits it holds until its level of reserves satisfies its required reserve ratio.
Illustrate scarcity, choice also prospect cost with the aid of a diagram demonstrating a production possibilities frontier
Suppose that there are two products: soda along with clothing. Both Brazil and the United States produce each product.
For what values of Z does Heidi accept two independent plays of the bet? iii) is is possible for Heidi to reject the single bet but accept the aggregate bet?
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