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Discuss perfect competition and long-run equilibrium. Provide detailed descriptions, definitions and concrete examples of your findings. Additionally, how does the proliferation of global trade and competition contribute to markets moving more away from market-possessing power to more perfect competition? Lastly, when does marginal social benefit equal marginal social cost and why?
Answer the following scenario thoroughly utilizing key terms and concepts covered in the previous units reflecting full understanding of the concept of macro economics as it relates to the scenario described. Provide examples and clear rationalizations for your statements. Essay should be no less than five pages in length double-spaced. Describe your own interpretations utilizing the information you have learned in this course. Support your statements and rationalizations utilizing credible supporting references.
A pharmaceutical company has hired you to perform an economic analysis on a currently ongoing project. Experts from the company have estimated the market for the drug and thus the potential revenues for the drug are knows, but the relevant costs a..
A consumer receives income y in the current period, income y in the future period, and pays taxes t and t' in the current and future periods, respectively. The consumer can lend at real interest rate r. the consumer is given two options. First, he or..
What is the difference between the Federal Reserve’s “discount rate” and the “federal funds” rate? Why is the discount rate in the US not as important in financial markets as the federal funds rate?
Discuss the relevant prices and quantities for the current market situation and identify what you believe is the equilibrium price and quantity.
consider a firm that provides video-on-demand vod over ip. it serves a city with 1000000 homes. the firm installed
Please avoid plagiarism, and write your words based on other people's facts. To get full points for this post, you need to write at least three facts about the part of the Constitution, and the why you think those facts shape the modern business..
1. fit-to-a-tee a price-taking t-shirt design shop has a schedule of total fixed costs total variable costs total
what are the three main aggregate supply factors that determine a nations potential or full-employment level of real
just bikes inc. sells tricycles in partially-assembled and fully assembled forms. parents who assemble their own
In the 1980s, the S&L industry was in crisis and the crisis required (1) government intervention (2) regulatory changes and (3) punishment for the perpetrators of the crisis. From 2007 to 2009 the US financial system was in crisis and that crisis als..
by outsourcing overseas a company can reduce costs but must also take certain risks. global supply chains are exposed
Using the ideas of marginal costs and marginal revenues, describe why economic profits are maximized where marginal revenue equals marginal cost and why profits decline if price is above or below the profit maximizing price.
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