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Merchant banking refers to:
a) Banking services that are only available to retail merchants.
b) Investment banks investing their own funds in companies.
c) Banking services that are only available to business but not the general public.
d) Banking activities that are carried out by companies that are not banks.
If the government imposes a $1 per-unit tax, how do the marginal, average total, and average variable costs change? What if instead the government imposes a $100 per-firm tax?
At a price of $24, should a perfectly competitive firm operate or shut down in a the short run if its TC is given as:
Examine how an organizations in each market structure like perfect competition, monopoly and monopolistic competition maximize profits.
What's the difference between the law of diminishing marginal returns and the law of diminishing marginal rate of technical substitution?
When measuring costs, it is important to keep in mind of one of the Ten Principles of Economics: The cost of something is what you give up to get it.
Output maximisation and cost minimisation
When Wal-Mart locates in a smaller town, often the local retailers (e.g., hardware, clothing, and appliance stores) are unable to successfully compete and are driven out of business.
Can you articulate how macroeconomics and microeconomics come into play in the context of firm decision-making in a global business. Please provide an example.
What are the individual's budget constraints in periods 1 and 2 and the new lifetime budget constraint and solve for the optimal consumption in both periods.
Find the equilibrium price and quantity for this market and Draw the budget constraint between "leisure hours" on the horizontal axis and "wage income" on the vertical.
Think a country that initially consumes one hundred pairs of shoes per hour, all of which are imported. The value of shoes is $40 per pair before a ban on importing them is imposed.
The long run supply curve for a particular type of kitchen knife is horizontal line at a price of dolla three per knife. The demand curve for such a kitchen knife is
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