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1.Consider the following demand schedule. Does it apply to a perfeclty competitive firm ?
Compute marginal and average revenue
Price
Quantity
$100
1
$95
2
88
3
80
4
70
5
55
6
40
7
22
8
2. suppose th emarginal cost of producing the good in before question is aconstant $ 10 per unit of output . what quantity of output will the firm produce
Explain how each of the following will affect the relative values of the dollar and the euro:
Graph the accompanying demand data, and then use the midpoint formula for E d to determine price elasticity of demand for each of the four possible $1 price changes.
Assess the degree of difficulty associated with measuring marginal revenue product for each of the following occupations.
Explain why competitive markets normally lead profit maximizing firms to make choices about resource use that lead to an "efficient" allocation of resources to the market?
Why might the existing firms in a cartelized industry prefer to be regulated by the government? What is the problem with common property resources?
Evaluate the following: The laws of supply and demand cannot apply to the labor market because labor is not a commodity to be bought and sold like machines.
Question based on Derive and compare demand curve, Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?
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The questions posed are broad and open ended so be careful to allow yourself enough research and planning time.
The socio-economic shortcomings that China experienced
In national income accounting identity showing the equality between national saving and investment, what is the representation of private saving and what is the representation of public saving?
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