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Assume the market for fertilizer is perfectly competitive and is in equilibrium.
Draw a graph for the Supply and Demand for fertilizer as well as a graph for the individual firm.
A change in the weather causes an increase in demand for fertilizer. Draw the new demand curve and show how this affects the firm’s marginal revenue and profit-maximizing quantity.
How does this affect the profit if the firms in the market?
Since there is free entry and exit, how will firms respond to this change in the market? Illustrate how their response will affect the supply curve in the market.
After firms respond to the change, what is the profit earned by firms in the perfectly competitive market?
Assume which one company acquires all the suppliers in the industry and thereby creates a monopoly.
Assume that you own a 10-acre plot of land that you would like to rent out to wheat farmers.
What is the present value of a continuous revenue flow lasting for 6 years at the constant rate of $2,000 per year and discounted at a discount rate of 6%?
q.suppose we have the following three projects up for vote a naval ship a hospital and a park. there are three
When the prices reduces to $9 the restaurant sells 200 per day. Provide the absolute value of the price elasticity of demand.
Suppose you owe $1400 on your credit card. The APR is 12%, compounded monthly. The credit card company says your minimum monthly payment is $20.84.
Find out the marginal revenue also the marginal cost functions and show them graphically. Find the monopolist's price, output, profit, and the price of the cost margin.
Which of the following income streams will i choose if the interest raate is 50%:
In December 1992, the government began requiring that food contain labels with nutritional information. The information had to be verified by independent laboratories. The price of verification was $20,000 per food item. What impact would this have o..
MB is change in total benefit when adding one more unit and MC is change in total cost when adding one more unit. How many burritos should I eat.
Explicate Illustrate what happens to the interest rates when the Fed makes open market bond purchases.
q1. assume that a countrys real growth is 2 for every year while its real deficit is rising 5 for particular year.
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