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In a competitive business environment, firms are said to break-even in the long-run. What does this exactly mean, and why does it happen? In answering this question, differentiate specifically between the short-run and the long-run. Does this long-run break-even outcome apply to all market structures, and why?
Explain how supply or demand be affected when the following things occur: Oranges- after a tornado Automobiles – after a major recall Spinach- after the FDA announces that spinach can prevent cancer Flu Vaccines – after technology was discovered to m..
Compare the classes and the functionality provided by the Java API NIO and the combination of the packages java.io and java.net.
Suppose the entire civilian labor force is 20,000 people and the number of unemployed is 2,000 people.
Objectives refer to. the means by which a marketing goal is to be achieved, usually characterized by a specified target market and marketing program to reach it. criteria or standards used in evaluating proposed solutions to a marketing problem. 2. s..
Suppose that the central bank has increased the money supply such that there are an additional $321525 in excess reserves. If the reserve ratio is 11 percent, what is the maximum the money supply could increase? Round your answer to the nearest dolla..
If the marginal product of the 4th worker hired is 6, and the marginal product of the 5th worker hired is 4, you should not hire the 5th worker because your profit would decrease since the 5th worker’s marginal product is less than the marginal produ..
Which one of these factors plays a role in determining the extent and duration of frictional unemployment?
Essay about What major arguments can you list to support the doctrine of free trade? Why is the WTO important in maintaining the doctrine of free trade? What values and principles has the GATT/WTO promoted to liberalize international trade?
Design a new human sensation and/or perception that is likely to contribute to improved awareness or survival. Let's see if everyone can come up with their own unique idea. Let's also take precognition (seeing the future) and any form of telepathy or..
The demand and supply curves in the market for college education determine the equilibrium price and quantity of education. Assume the student for college education is given by Dstu = P = 9500 – 500Q, Assuming the market for education is private, wha..
Suppose that the government wants to raise investment but keep output constant. In the IS-LM model, what mix of monetary and fiscal policy will achieve this goal? Illustrate this using the appropriate graphs
In general, the marginal cost (MC) curve is U-shaped as you learned in the lectures and the textbook. However, exception exists. Please provide at least one industry as an example to illustrate that MC is not U-shaped. Explain briefly the shape of MC..
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