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1. Explain why profits get eliminated in competitive markets.
2. Explain why price exceeds marginal revenue in monopoly
3. Describe how a monopoly sets output and price.
Suppose you read in an industry publication that the Rothschild index for the petroleum industry is 0.88. Based on past experience, you know that the price elasticity of demand for the petroleum products sold by your firm is ?1.5.
Illustrate what does this imply about the effectiveness of monetary and fiscal policy to reduce the unemployment rate.
i am really having trouble correcting my homework assignment and really need finding the correct answers. can you
787b stimulus bill approvedwashington-less than one month after president obama took office congress last night passed
P1=150-10q1 and P2=250-10q2. Marginal cost is constant at 10. If a monopolist can price discriminate what is the profit maximizing price for the combined markets?
A firm's marginal rate of return on investment curve shows the amount
Based on your answer in a and b, how can you reconcile the President's statement with economics? Can you suggest how his statement could be modified to be consistent with teh IS-LM model?
q.to purchase a house that cost 250000 adriana lopez made a 25000 down payment. she financed the remaining 225000 using
You short-sell 200 shares of Tuckerton Trading Co., now selling for $50 per share. Illustrate what is your maximum possible gain ignoring transactions cost.
From an economic perspective, reprocessing is a money loosing proposition since we derive negative profits from it.
Consider a perfectly competitive market where demand is given by P=84.20-2.15Q and supply is given by P=12.78+1.20Q. Calculate the equilibrium quantity.
ESPN currently pays the NFL $1.1 billion per year for eight years for the right to exclusively televised Monday night football. What is the net present value of this investment if the parent Disney Company has an opportunity interest rate equal to it..
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