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1. How does monopolistic competition differ from pure competition? From pure monopoly? Explain fully wat product differentiation entails.
2. Here is a production possibilities table for war goods and civilian goods
Production alternatives
Type of producion: A B C D E
Automobiles: 0 2 4 6 8
Rockets: 30 27 21 12 0
a. Show these data graphically. upon what specific assmptions is this production possiblities curve based?
b. If the economy is at point C, what is the cost of one more automobile? One more rocket? Explain how the production possibilities curve reflects the law of increasing opportunities costs
Explain the process for obtaining an annual filing report for a corporation currently registered in California
Estimate the number of cups served per week and determine outlet demand curve. What would be the effect of a $5000 increase in the competitors' advertisement expenditure and outlet demand curve
Global Investment Group operates in a perfectly competitive industry with the following Cost and Revenue data: What is the loss minimizing output level for the firm?
Evaluate the MU in the utility functions
Here is the information you require to answer the question. This information is taken from the graph. So you will require to draw the graph to answer the questions. The best level of output for monopolist in short run is 500 units and is given by p..
You manage the plant the mass produces engines by teams of workers using assembly machines. The technology is summarized by production: Find out the short run production function? Find out the total cost function for your plant to produce q engines ..
Assume that the demand curve for apples is given by Qd = 140 - 5P, where Qd is number of pounds demanded per year and p is the price per pound. The supply of apples can be described by Qs = 40 + 3P, where Qs is the number of pounds provided.
For each of the following events, indicate whether the AD or the AS curve shifts. In brief describe the reasoning behind your choice.
What is the interrelationship between the four financial statements? Why is it important to make comparisons using ratio analysis? What are the different ways you can make comparisons?
Apply the substitution and income effects to the purchase of meat given the lower price. How is this related to the law of demand? Hint: use chicken as a substitute good in your discussion.
Neolithic Revolution
Assume marginal cost increases to 25 as a result of imposition of a tax. What takes place to monopoly and competitive price and output?
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