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Assume that the short-run cost and demand data given in the table above confront a monopolistic competitor selling a given product and engaged in a given amount of product promotion. Refer to the above table and information. If the firm sells 3 units of output, marginal revenue will be:
A. -$5
B. $35
C. $135
D. $165
For the United States, empirical studies indicate that over the past two decades the cost of international transportation relative to the value of U.S. imports has: Should international transportation costs decrease, the effect on international trade..
how the United States and the other country differ. Which of the two countries has better prospects for the future and why? Provide a reasoned opinion.
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q.the cost of hiring a new lab technician is 8000 per month including fringes the cost of leasing additional testing
State whether the following will result in a change in demand or a change in quantity demanded. Explain.
An engineer borrowed $3000 from the bank, payable in six equal end-of-year payments at 8%. The bank agreed to reduce the interest on the loan if interest rates declined in the United States before the loan was fully repaid.
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The banking system is a fractional reserve banking system with a desired reserve deposit ratio. Banking system is a fractional reserve banking system.
You want to buy a new car and have $5,000 available for a down payment. You can afford a monthly car payment of $400. The maximum length of loan you want to take is 5 years. Your credit rating is not so good and the best car loan you can get is for a..
Describe the free trade equilibrium. Then compute and graph the following effects of an import quota that limits imports to 100 bags.
q1. illustrate what is the marginal revenue from selling another book for the author? explain how does it compare to
Calculate the consumer surplus, the producer surplus, and the total welfare for the competitive equilibrium determined in part (a) of this question.
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