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Q. In market economies, firms rarely worry about the availability of inputs to produce their products, but in command economies input availability is a constant concern. Why are there these differences?
Q. Explain how does monopolistic competition differ from a) pure competition; b) pure monopoly; c) oligopoly? Explain fully what product differentiation entails.
Calculate the profit maximizing cost per unit if COST MART has an average wholesale cost of $350 as well as incurs marginal selling cost of $100 per unit
if people never withdraw cash from banks, what how much money could the banking system potentially create.
During the average month in 2006 she was logged onto the Web for 17 hours. Illustrate what is the average cost of an hour of Web time to Kety. What is the marginal cost of an additional hour.
Find out the optimal crude oil allocation in the preceding example if the profit associated with fiber were cut in half, that is, fell to $.375 per square foot.
Illustrate the use the orange points square symbols to plot the portion of the supply curve that corresponds to prices where there is positive output.
Among different market structures, which one do you believe provides the highest possible return for a new company as well as why.
In a few sentences, what effect does the current supply and current demand have on this product.
Set all variables to their baseline values. Elucidate how much money do consumers want to spend on spaghetti when the price.
Elucidate how the relative composition of M1 changed since 1965. Do your best to explain why this change has occurred.
Would you advocate monetary restraint or stimulus for today's economy
Assume to John Smith gets promoted to a job to cause two changes to occur simultaneously: John earns a higher wage also safer environment
Elucidate which firm's product provides the greatest value-created.
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