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Q. Does quantity provided by each individual shoemaker change by more in short run or in long run? Justify (illustrate) your answer.
Do profits of shoemakers change by more in short run or in long run? Justify (illustrate) your answer 3. Every firm in widget industry has fixed costs of $6 and faces following marginal cost curve: Quantity Marginal Cost ($) 1 2 2 4 3 6 4 8 5 10
A. Suppose price of widgets is $10. How many widgets does each firm produce? How much profit does each firm earn? Is industry in long-run equilibrium? How do you know?
B. In long run, will re be entry or exit from this industry? What will be price of widgets in long run? How many widgets will each firm produce?
Visualize you are a manager for good or service used. From results of the deterioration equation, recommend strategies to either preserve demand if an increase over 3 periods occurs or improve demand
Calculate gross national product and net national product
Are you concerned that automation may increase unemployment or underemployment in the United States and around the world.
illustrate what would you estimate the difference between the inflation rates of the U.S. also Japan.
Converse the positive also negative contributions of FDI inflow to the competitive benefit of host countries with regard to the subsequent matters
You only buy apples and bananas. Your budget is such that you can purchase 3 apples and 4 bananas or 9 apples and 2 bananas. Write the equation for the budget line with bananas on the y-axis. Is that equation unique.
One unit of labor can produce either 4 tons of papayas or 1 ton of bananas. Elucidate type of economic analysis is limited to testable, verifiable statements.
Anation's consumption function (expressed in millions of inflation- adjusted dollars)is: C=200+.80*DI. what is value of autonomous saving.
The risk-free rate of return is 3.5 percent. Illustrate what is the current value of one call option on this stock if the exercise price is $40.
He also says he wouldn't mind moving if when he moved he got a raise of $B. What is the value of A and B.
Estimate t-statistics for each variable and elucidate Illustrate what inferences can be drawn from m. If R2 of this equation is 0.25, illustrate what inference can be drawn from it.
Assume that the central bank of an economy contracts the money supply.
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