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Q. Suppose a firm's average cost is R30 at 5 units of output and R32 at 6 units of output. The marginal cost of producing the sixth unit is R42. Is it true or false?
Q. Linus has utility function u(x,y) = x + 2y. If the price of x is $1 and the price y is .50 cents then Linus must consume equal amounts of both goods in order to maximize his utility. True or False, justify your answer
The election of a new Congress causes consumer confidence to soar as expectations of future economic growth are solid.
A monopolistically competitive industry such as baked goods also a perfectly competitive industry like wheat farming are alike
Elucidate how a temporary decrease in the U.S. money supply affects the money and FOREX markets. Label your short-run equilibrium point B and your long-run equilibrium point.
Explain an economy is initially in equilibrium at the natural level. The central bank increases the money supply.
firm competing in a monopolistic competitive market. What conditions exist when economic profits are maximized.
Everyone's Gasoline Problem. We are all familiar with fluctuating prices of gasoline at the pump. Explain why does this happen.
Calculate whole expected convenience from each restaurant option and also compare?
Economics essay-a brief paper about six pages in length also concisely analyze a contemporary problem illustrating Monopoly, monopolistic competition also oligopoly in the marketplace.
If a price in a competitive market is "too high to clear the market," what does this normally mean. Assume upward-sloping supply curves.
Trades are seasonal, with higher trades during the spring also summer quarters also lower trades during fall also winter quarters. Which inconsistents of the model are statistically significant.
If David also Ellen live in rent-controlled apartments, illustrate what is the equilibrium cost for the non-rent-controlled apartments.
As a business owner making a final decision regarding the international aspects of a business decision, you may decide to set up a table with the risks and weigh their relative importance against the rate of return you foresee
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