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Determine the profit-maximizing quantity for a monopolist. You can ask the firm's to draw the firm's revenue and cost curves, but each curve would possibly cost you$1,000. From the following list indicate which curves you will request and why?
a) Average total cost,
b) Average fixed cost,
c) Average variable cost,
d) Marginal cost,
e) Demand, and
f) Marginal revenue
What is the amount of the difference between the maximum premium and AFP, and what is this called?
Write a brief explanation of each of the following terms. import tariff, effective rate of protection
If I told you that GDP was forecast to rise by a bit more than 3% over the next year, what would that mean to you? What should you be asking about the forecast?
Discuss the impact on wages, employment in the industry, and the economic welfare of the following input market structures. In which case will the deadweight loss be the smallest?
Explain the impacts of an expansionary fiscal policy such as a tax cut on the levels GDP, Consumption, Investment, interest rate and unemployment and price.
Evaluate the range of marginal revenues
Using the following data calculate Disposable Income:
The information below explains the real GDP per capita for the country of Utopia for the period of 1975 to 1991.
When the Bank of Canada sells the government bonds to a commercial bank, the commercial bank experiences a decline in reserves and in increase in bonds. Total assets are unchanged; this is just a portfolio switch between bonds and cash.
Find out average fixed costs when the firm produces 50 widgets per day. Find out average total and variable costs for producing 49 widgets.
What is the difference between contractionary and expansionary monetary policy?
For this assignment you will write a 500- to 700-word memo evaluating two conflicting consultant reports. Your report should.
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