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Each firm in a competitive market has a cost function of C=16+q^2, so its marginal cost function is MC=2q. The market demand function is Q=24-p. Determine the long-run equilibrium price, quantity per firm, market quantity, and number of firms.
Find out the equilibrium level of GDP. Next find the multiplier for government purchases and fixed taxes. If full employment comes at y+1800, what are some policies that would move GDP to that level.
In order to boost funding for the state of Florida or Mississippi, depending on where you are, each state has decided to start a daily drawing where people can purchase a ticket for $1 with a 3-digit number from 000-999. Why then do so many people pu..
Illustrate what is the total opportunity cost of the day that Farmer Tony incurred for his spring day in the field planting wheat.
What political and legal processes must be followed to sell electronics in Taiwan, and are there existing social and cultural structures that will effect business operations?
What discretionary fiscal and monetary policies might Keynesian economists recommend to close a recessionary gap, and thus stabilize an economy? Explain how they work. What are the limitations of these policies? Why might they not be effective?
A bloom berg business week subscriber study asked In the past 12 months when traveling for business what type of airline ticket did you purchase most often? a second question asked if the type of airline ticket purchased most often was for domestic o..
If inventories unexpectedly rise then production _____ sales and firms will respond by______
American rice producers have extremely high production costs, due to some structural problems. Therefore, if not supported by the government, they will not be able to compete with foreign producers. Analyze two supportive policies intended to maintai..
what happens to the amount of debt held by the public. What would happens to the level of gross debt.
Which of the following best describes the influence of labor unions on workers? Which of the following is NOT the primary method that unions use to raise wages? The term “accidents of history” describes. QWERTY is used today because it is
Would you rather receive $100 today or $120 in one year? b Would you rather receive $205 today or $240 in one year? c Would you rather receive $500 in one year or $610 in two years?
Specify the main economic (not political) drawback of economic integrations among nations? Explain (do so in no more than 40 words).
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