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DQ 1. If a firm's current revenues are less than its current variable costs, when should it shut down? If the firm decides to shut down, should we expect that decision to be final? Explain using an example.
DQ 2. How can patents speed up the process of creative destruction? How can patents slow down the process of creative destruction? How do differences in manufacturing costs affect which industries would be most likely to be affected by the removal of patents?
DQ 3. Additionally, please write 3 summation paragraphs for each Chapter relative to the most significant pieces such as...what is really meant by Pure Competition as a market model? What connections can you make?
If you come upon an interesting subject relating to your work or any other non-economic publication that can be explained in light of the theories learned in this class, you may be able to substitute this as the basis article. Discuss the article ..
What are the efficient quantities for each of the two periods? What are the correspondingprices and MUCs?
If the way wages were fixed in that job does not correspond to the neo-classical theory, is there another theory, among the ones we talked about in class, that would explain it better (i.e. another theory that could explain the way wages were set)..
For first year students using unfamiliar or finding the right terminology when asked to discuss certain aspects of a field of study can be challenging. Economics is no different from other professions that use certain abbreviations in which to exp..
Suppose you own a franchise of rental car bureaues in Florida. You recently get a report indicating that about 80% of all tourists visit Florida during winter months in any given year,
Identify and contrast the defference between the rise in prices do to inflation and the rise of prices in microeconomic market
Explain how the rate of unemployment is measured
A well-known industrial firm has issued $1,000 bonds with a 4% coupon interest rate paid semi annually. The bonds mature 20 years from now. From the financial pages of your newspaper you learn that the bonds may be purchased for $715 each ($710 for t..
Given the following monopolist demand and cost curves, QD= 1000 - 2P TC = 5,000 + 50Q
Consider the two banks and their balance sheets below. For each bank, calculate its return on equity (ROE) and leverage ratio. Bank A has net profit after taxes of $1.8 million and the balance sheet below:
justice and efficiency and government intervention in health care markets please respond to the followinga. speculate
problem cost functions.consider a firm with average cost function acy 1y1y.a. what is the firms total cost
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