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1. Respond to the following question in at least three well composed paragraphs: In your own words, and using research sources other than the textbook, distinguish between economic profit and accounting profit.
2. Respond to the following question in at least three well composed paragraphs: What are the necessary conditions for a monopoly position in the market to be established?
Elucidate the impact of inflation on salary rates and employment.
A firm has estimated the following demand function for its product: Calculate the advertising elasticity of demand and explain its meaning.
In about one paragraph clearly describe some of the causes of abnormal demand curve. You should first state then explain the variable that causes abnormal demand.
There seems to be some difference of opinion between bankers and economists. Can you provide insight on this? You should be able to answer this question in two pages or less.
Discuss John Maynard Keynes' contribution to the theories of Macroeconomics. Why was he such an important economist.
assume that you have been asked estimate the benefits associated with starting an ecotourism project where visitors will be given guided tours of a particularly rich habitat area. 1- what are the main benefits and cost that should be enumerated
Determine the basis of the kinked-demand model? Describe the reason for the gap in oligopolist's marginal-revenue curve. How does this model explain price rigidity in oligopoly.
(i) the additional annual cost if paying by monthly installments (ii) the additional annual cost as a percentage of the single payment cost.
bravo pork rinds caseassume you are the plant manager for bravo pork rinds which produces pork products in a market
Draw a figure showing the best level of output and price for the cartel, and the output of each firm to minimize the total costs of production for the cartel, and calculate the profits per unit and in total for each firm.
Suppose Home has annual DVD player sales (S) of 50,000 units. Suppose all of these parameters are the same for all firms in the industry. In the absence of trade, how many firms will produce DVD players? What will be the equilibrium price of a DVD..
Write the macroeconomic issue about unemployment of Malaysia, the answer should explain why this issue happened, the impact of this issue (good influence and bad influence), must add the reference to support your explanation, please write this ans..
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