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You are going to display what happens in the long run in perfectly competitive markets when firms are operating at a loss.
a) Draw a graph of a firm's MC, ATC, AVC, and MR curves that is operating at a loss, yet above its short-run shut-down price. Make sure that each curve has all the proper identifying characteristics (where the minimum is, increasing or decreasing, etc.)
b) On a separate graph, draw the supply and demand curve for the market in which this firm operates. Identify the equilibrium price.
c) Demonstrate the shift that will occur in the market in the long run if all firms in this market are operating at a loss. Identify the new equilibrium price after the shift.
d) On the graph from part a, draw the MR curve in the long run based on the price adjustment.
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Authentic Thai rattan chairs are delivered to Gary Schwartz's chain of retail stores, called The Kathmandu Shop, once a year. The reorder point, without stock, is 200 chairs. Carrying cost is $40 per unit per year, and cost of a stock out is $70 per ..
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the manager wins with a payoff of 20, and the auditor loses with a payoff of - 20 . If the actions don't match, the auditor wins with a payoff of 20, and the manager loses with a payoff of - 20. Diagram this game and comment on the equilibrium.
q1. according to okuns law if output grew 7 and full-employment output rose 5 what would be the change in the
You own a car dealership in Chicago also are allowing for buying stock also have narrowed your choice to either purchasing stock in the Good Tires Company or American Bus.
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you agree with the argument which the copyright owners of the materials mentioned should not be paid a fee if their material is on YouTube.
Illustrate what will happen to GDP if taxes raise 100million when MPC is .75. Compute both tax also income multipliers.
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