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How does a firm determine its profit maximizing output? Does a monopoly choose output, price or both?
Elucidate how closely do real world conditions match the charateristics listed in the model. Do they compete using price. Is the good in question standardized.
Consider a competitive market involving firms with identical U-shaped average cost curves that is in the long run equilibrium. Suppose that the government imposes a lump sum tax on every firm in this industry. A firm can avoid the tax only if it stop..
Explain to what extent the neoclassical growth theory (e.g. Solow Swan model) that emphasize capital accumulation and total factor productivity.
Calculate the own price elasticity of demand at this values of prices, income, and advertising.
Suppose the demand and supply curves for a product and given by Q_D=500-2P Q_S= -100+3P Graph the supply and demand curves. Find the equilibrium price and quantity. If the current price of the product is $100, what is the quantity supplied and the qu..
What does this information suggest about Japan's resource endowments?
An outright purchase of $20,000 now ( a lump sum payment) can be traded for 24 equal payments of $941.47 per month, starting one month from now. What is the monthly interest rate that establishes equivalence between these two payment plans?
Two firms with MC1 =10 and MC2 =12(each unit costs $10 for firm 1 and $12 for firm 2) are located at each end of a street of length 1. Consumers are uniformly distributed along this street and incur transportation costs TC = x2, where x is the distan..
As a small investor, can I invest either directly or indirectly - in mortgages? What kind of risks would I be undertaking if I did? Are there any other financial instruments that have similar risks? Given the current economic situation, would you inv..
1) What are the hypotheses for this? test? 2) Identify the rejection region for the test. 3) Is the null hypothesis rejected?
HomeGrown is a small restaurant that specializes in serving local fruits, vegetables and meats. The company has chosen to enter into a long-term relationship with Family Farms, a local farming operation. The two parties have decided to enter into a l..
While all members of the Federal Reserve Board of Governors vote at Federal Open Market Committee (FOMC) meetings, only ? of the regional bank presidents are members of the FOMC. Which of the following contributes to making the Federal Reserve an ind..
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