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Discuss the difference between how accountants and economists calculate profit giving example of costs each might use in this calculation.
• When might accounting profit and economic profit be the same?
Distinguish between collusive and non-collusive oligopoly. Explain the following features of oligopoly.
the ampex co. manufactures plastic fixtures for residential bathrooms. currently it has an opportunity to invest
A purely competitive firm finds that the market price for its product is $25.00. It has a fixed cost of $100.00 and a variable cost of $17.50 per unit for the first 50 units and then $30.00 per unit for all successive units. Does price exceed aver..
Why does the Federal Reserve require commercial banks to have reserves Explain why reserves are an asset to commercial banks but a liability to the Federal Reserve Banks. What are excess reserves How do you calculate the amount of excess reserves ..
Consumers in Georgia pay twice as much for avocados as they do for peaches. However, avocados and peaches are the same price in California
consider the following production function y fkl a k0.4 l1.0a. calculate the marginal product of labor.b. does this
consider a firm as we did in the notes that maximizes it profits by selecting how many workers and how much capital to
Calculate the price of each fruits in each year.
Evaluate whether each of the following statements is true or false. Explain your answer and provide supporting rationale.
explain the difference between a movement along a demand curve predicted by the law of demand and a shift of the whole
keynesian economists favor active policymaking based on the phillips curve and nairu theories. these theories purport a
Compute the natural rate of unemployment. Does it depend on the way people form their expectations of inflation? 2. Discuss the way people form expectations of inflation is modeled. 3. Compute the rate of inflation for years t, t+1, t+2 and t+3. 4. N..
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