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What output strategies might US companies implement to remain profitable when competing with international companies? How do market demands, costs, pricing, and competition impact these output strategies?
1._Bread.Flour is used to produce bread. The price of flour increases. Is this increase in supply, increase in demand, decrease in supply or decrease in demand?
In 2001 the government of Anchovy collected receipts of $100 billion and had expenditures of $125 billion. Its GDP was $400 billion. The government's deficit was what percent of GDP in 2001?
Indicate whether each of the following statements is true or false and explain why.
Suppose that the supply of fossil fuels like coal and petroleum will become more and more scarce in the next fifty years.
A market total demand is given through P = 80-(z/2). This market is supplied by a dominant firm & by other, relatively "small firms". The small company total supply is given by P=4y.
What is the gain to society involved in moving from the inefficient to the social efficient level of production? Suggest an approach that the government could take that could lead to the efficient level. How much would such an approach cost or ben..
Describe the factor which determine the slope of the LM curve and whether an increase in theses factor(s) will make the curve flatter or steeper.
a firm has a long-run cost function c1y y3 - 10y2 30y.1 derive the firms long-run average cost function2 derive
Explain why user cost, or scarcity rent, arises in the intertemporal allocation of a depletable resource such as minerals, and some types of energy and aquifer water resources.
What is the equilibrium price and quantity of fertilizer in an unregulated, competitive market? What is the efficient quantity of fertilizer?
Is he or she maximizing satisfaction? If not, what should the individual do to increase total satisfaction? On the basis of this information, can you pick an optimum combination? Why or why not?
Assume a market is controlled by a three firm oligopoly where the market demand curve is given by p = 75 - 3Q and marginal cost is equal to 5. How much does each firm produce and at what price if they form a profit maximizing cartel where each fir..
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