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(a) What is market concentration and how can you know whether a market is concentrated or not? (b) What are the causes of market concentration? (c) Are business mergers good or bad for the economy? Explain why?
Suppose the cost function is C(Q) = 50 + Q - 10Q2 + 2Q3. What is the marginal cost of producing 10 units? my teacher said it was 401 for the answer but I don't understand how he got that answer because he asked the same problem and said that answer w..
Draw the budget line on the Edgeworth box through the endowment point. What is the equilibrium allocation?
How will monetary policy affect interest rates or exchange rates. We want to use our AD-AS model to discuss monetary policy and its effects. Who is this man. Who is this man. Who is more important.
The price level in the economy in 2007 and 2008 rose from 100 to 105. In 2008 and 2009, the price level increase from 105 to 110.25. How does the short-run Phillips curve forecast the unemployment rate will change as a result?
If LFC sells chicken and biscuits as a meal deal, illustrate what price would be set for the meal deal which includes both an order of chicken and an order of biscuits.
Why considering that it snows only once every ten years where Joe lives, Joe's expectations are almost always perfectly accurate." Are Joe's expectations rational.
If you were the angel investor, what is your certainty equivalent for these two projects? Are you risk-averse, risk-neutral, or risk-lover?
what will be the value of the lost revenue after a 3-year period at an interest rate of 11.940397% per year, compounded continuously?
What price will the firm charge in each market? Based solely on these two prices, which market has the higher price elasticity of demand? What will be this monopolist's total economic profit?
How could you graphically illustrate economic profits made by a perfectly competitive industry, a monopolist industry and a monopolistic competitive industry.
Elucidate use blue points (circle symbol) to plot the federal debt as a percentage of nominal GDP for each of the six years.
Assume that in addition to policy action described above, Fed decides to sell a massive amount of Treasury bonds from open market. Elucidate in detail effect of this policy action on size of money supply.
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