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Suppose that the gasoline retailing industry is perfectly competitive, constant-cost, and in long-run equilibrium. If the government unexpectedly levies a five-cent tax on every gallon sold by gasoline retailers, depict what will happen to the representative firm's cost curves.
If instead the Fed wants to stabilize aggregate demand, how should it change the money supply..
A firm has developed a new product for which it has a registered trademark.
Is there any range of production characterized by scale of economies. At Illustrate what production level are scale economies exhausted.
In the country of Sildavia, a market basket of goods and services cost $ 130 in 2003, $ 140 in 2004, and $160 in 2005. Based on this information and considering 2003 as the base year, inflation from 2003 to 2005.
Illustrate what mix of central bank bond purchases also higher government spending is required to rise income by $6,000 without changing the interest rate
Assume there is a 50% chance of the savings account losing half your money. Elucidate how much does the person save now?
Explain how supreme as well as comparative advantages were used in your simulation.
Suppose a politician promises a program that will give Amanda and Britney 70 units of utility for each.
She argues that this process will make for better utilize of information within the organization. The same concept could be applied beneficially within the corporation.
In a market economy, every resource will tend to be paid according to its marginal product. Highly productive resources will command high prices, whereas less productive resources will command lower prices.
There are no gains from reducing class size below 20 students, the relationship is constant in the intermediate range between 20 and 25 students, and there is no loss to increasing class size when it is already greater than 25."
Using the numbers that you calculated above, explain the relationship between the marginal cost and average variable cost.
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