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A firm under monopolistic competition reaches equilibrium in the short run at a point where: A. price equals average variable cost. B. the firm's marginal cost curve intersects its marginal revenue curve from above. C. price equals marginal cost. D. marginal revenue equals rising marginal cost. E. marginal revenue equals avarage revenue
What is the output of each firm if they collude to produce the monopoly output. What profit does each firm earn with such collusion.
A company offers ID theft protection using leads obtained from client banks. Three employees work 40 hours a week on the leads, at a pay rate of $20 per hour per employee. Each employee identifies an average of 3,600 potential leads a week from a lis..
Morgan Stanley and Goldman Sachs converted their charters to become commercial banks rather than investment banks as a result of the credit crisis. What advantages did they derive from this conversion? Were there any disadvantages from the change?
Elucidate the evidence that supports these recommendations and how your recommendations might need to be modified for the alternative economic futures
Critically discuss the following statement: Without a well-enforced command-and-control regulatory structure, society will not take the necessary steps toward a sustainable future.
Discuss why silence can be an effective response to a request for a last-minute concession and when the nickel-and-diming approach can be utilized most effectively.
Suppose that the following equations describe an economy, where C, I, G, T, and Y are measured in billions of dollars, and r is measured in percent (i.e. r=10 means r=10%). C = 170 + 0.6(Y-T) T = 200 I = 100 – 4r G = 350 Money demand L = 0.75Y – 6r M..
Van has plans to go to an opera and already has a $100 non refundable, non exchangeable, and non transferable ticket. Now Amy, whom Van has wanted to date for a long time, asks him to a party. Van would prefer to go to the party with Amy and forgo th..
Assume you notice that more also more people are driving gas-guzzling cars.
Suppose the nominal interest rate is i = 10%, the time cost of a round trip to the bank is $25 and annual expenditure is $72,000. If a consumer makes N trips to the bank how much interest do they give up during the period? What is the total time cost..
You observe the following facts about a fictional economy: The capitaloutput ratio is 3. The country uses 15% of GDP to replace depreciated capital. The average growth rate of the economy is 2.5 percent. What is the rate of depreciation in this econo..
An engineer deposits $900 each month into a retirement account. After 30 years, the balance in the account is $1.7 million. Determine the effective annual rate of return for this account.
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