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Which of the following statements are true about both monopolistic competition and monopolies? Select all that apply.
a) Price equals average total cost in the long run.
b) Price is above marginal cost.
c) Firms are not price takers.
d) Firms earn zero profit in the long run.
Explain why Blazo's performance from providing these services to ABC Company and other firms will decline if economic growth is reduced.
the central bank raises the actual inflation rate to 4% which sequence is most such way to occur.
A company bought a machine with an initial value of $120,000 with life time of 8 years and a salvage value of $12,000, assuming ? =0.60 find the book value at year six using the declining method.
q1. illustrate what are the basic steps in solving for walras equilibrium with two consumers and two commodities given
Compute the short- run and long- run results, explain the changes in the price and in the number of firms.
Equivalent to selecting the output where the spread between total revenue and total cost is greatest.
q. you are still a manager of a small wigest producing firm. now there are 14 such firms including yoursin industry.
Explain how you would calculate the price elasticity of demand of gasoline? In general terms, explain how consumer and producer surplus will change as a result of this price increase?
suppose that the government is debating whether to spend 100 billion today to address climate change. it is estimated
q. the assignment is a report on the united states of americain past 6 years after the recession occurred in mid-2007.
q1. what does monumental architecture imply about the cultural values and the socio-economic-political organization of
What is the MRS Is this consumer at an optimum. If not at an optimum should the consumer buy more of the X good or more of the Y good.
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