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Q. Some economists argue that in long-run equilibrium under conditions of monopolistic competition re is economic waste because price is greater than marginal cost and average total cost is not at a minimum. How would it be possible to ‘eliminate' this waste? What would we have to give up?
Illustrate what are the no-trade monopoly equilibrium price and quantity of apples produced at home now.
Consumers often identify brand names with quality. Do you think branded products usually are of higher quality than generic products and therefore justify their higher prices
Explain how that the balance sheet balances if these are the only assets and liabilities.
Assume , at its present rate of output, a perfectly competitive firm's marginal revenue exceeds both its marginal cost and its average variable cost. To maximize profit, the firm should.
The price level in the economy in 2007 and 2008 rose from 100 to 105. In 2008 and 2009, the price level increase from 105 to 110.25. How does the short-run Phillips curve forecast the unemployment rate will change as a result?
What are coral reefs Status of coral reefs Threats to coral reefs Uses of coral reefs what is a Coral Reef. Fleshy sac topped with ring of tentacles around central mouth opening what is a Coral Reef.
Illustrate what is difference between contractionary and expansionary monetary policy. Illustrate what are pros and cons of using expansionary.
Which organization has a bigger markup. Explicate. Which organization has the bigger incentive for careful quality control
If the number of labor hours increases by 10% and the number of hours of capital used decreases by 10%, what is the percentage change in output.
illustrate what does this mean for the survival of small firms in the industry.
Elucidate why general level of wages in the united states and other industrially advanced countries. What is the single most important factor underlying the long-run increase in average real-wage rates in the united states
Illustrate what is her MPC (Marginal Propensity to Consume) in this case.
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