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explain briefly your answers for parts a, b, and c in a post not to exceed 200 words.
Do you agree or disagree with each of the following statements? Explain your reasons.
a. For a competitive firm facing a market price above average total cost, the existence of economic profits means that the firm should increase output in the short run even if price is below marginal cost.
b. If marginal cost is rising with increasing output, average cost must also be rising.
c. Fixed cost is constant at every level of output except zero. When a firm produces no output, fixed costs are zero in the short term.
Illustrate what criteria are you using to classify this industry as an example of oligopoly.
As before pleasing the job, you admit a surprise offer from a competitor. Elucidate how much producer surplus have you earned, if you actually earn $2600 during the month.
Compute total revenue, total cost also profit at each quantity. Illustrate what quantity would a profit-maximizing publisher choose. Illustrate what price would it charge.
Illustrate what would you recommend that the firm do given this resource combination.
Explain the entities affected by social regulation. My question is Illustrate what do they mean by the word "entities"?
illustrate what feature of the value function explains the phenomenon, and how.
congress decides to reduce our dependence on foreign oil by imposing a $.50 tax on each gallon of gasoline at the pump. Elucidate briefly what kind of supply and demand elasticity for gasoline must be present in the U.S. market, in order for this..
If quantity is 20 also if producers receive the seller's price for to output illustrate what is the amount of Producer Surplus.
This will mean replacing one of the weekly passenger flights with a freight flight
To what extent does educational planning in the policy decision ought to be guided by economic considerations
What is the rationale behind the choice of target or acquirer, if appropriate for your opening bid and your overall bidding strategy.
Assume that the newspaper can't differentiate students from teachers and can only charge a fixed price per article.
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