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You compete with many firms offering similar products (monopolistic competition). An economic consulting firm has estimated the own-price elasticity for your most profitable product is -1.50. Your marginal cost is constant at $75 across most of your production volume capability. What price will maximize profits? show computation.
the largo publishing house uses 400 printers and 200 printing press to produce book. a printers wage rate is 20 and
Identify each of the following policies as either fiscal policy or monetary policy and explain why for each question
consider two competitive economies that have the same quantities of labor l 400 and capital k 400 and the same
Describe the situation in the market and explain how the price of pizza adjusts - describe the situation in the market and explain how the price of pizza adjusts.
two organizations one non-profit and one for-profit are considering different alternative courses of action within
A German Toy Corporation was formed to produce plastic toy soccer balls. The firm bought land for $250,000 had a $500,000 factory building erected, and installed special plastic manufacturing tools for $20,000.
How does the U.S. department of agriculture calculate the official poverty level? What government assistance programs does the census bureau consider when calculating household income? What programs are ignored?
The Federal Reserve had to resort to non-standard methods to try to stimulate the economy the last several years in part because:
Suppose that a system of unemployment compensation isinstituted in the country, and the average duration of unemploymentrises for two months: a )What will be the unemployment rate for this economy now
question 1sales of shampoo by cleanhair inc. have recently decreased from 1300 to 1100 units in response to a price
Draw up the payoffmatrix for game and do PA and LA have dominant strategies? Explain your answer.iii. What is the Nash equilibrium? Explain your answer.
Suppose the Federal Reserve adopts a tight money policy to slow the economy down because of its concern about potentially rising inflation. Show this policy outcome graphically using the IS-LM model assuming people believe the new policy is temporary..
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