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Do you think consumers make purchasing decisions based on general rules of thumb instead of price? Why would consumers do this? What implication might this have for the conclusions drawn about markets? (Post-Keynesian).
1. the zinger company manufactures and sells a line of sewing machines. demand per period q for a particular model
Insurance agents receive a commission on the policies they sell. Many states regulate the rates that can be charged for insurance. Would higher or lower rates increase the incomes of agents. Explain, distinguishing between the short run and the lo..
Calculate the straight-line depreciation
now the two firms compete on prices agrave la bertrand and they also have the same constant marginal and average costs
Compute the marginal product of labor when 9 units of labor are utilized. Assume the firm can hire labor at a wage of $10/hr and output can be sold at a price of $100 per unit. Determine the profit maximizing levels of labor and output.
1.what important characteristics do all three types of imperfect competitive firms share?2.why is marginal revenue
use the internet to research an oligopoly not discussed in the text. describe the oligopoly you researched and explain
on what does the domestic currency price of a nation's imports depend? what would happen to the domestic-currency price of a nation's imports increases and the nation's currency depreciates?
suppose a society contains two individuals. joe who smokes and tanya who does not. they each have the same utility
Evaluate the role and the effectiveness of the Federal Reserve in stabilizing the current economy.
suppose a firm faces the following demand for their product p100-q. further assume that the marginal cost to produce
A change in real money supply can result either from a change in nominal money supply through Federal Reserve policy or from a change in the price level.
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