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Q. Illustrate what happens to official measure of GDP when air quality improves significantly in united states but there are no effects on aggregate production or on market prices of final goods and services
Q. A monopolist has a constant marginal and average cost of $10 and faces a demand curve of Qd = 1000 - 10P. Marginal revenue is provided by MR=100 - 1/5Q.
a. Calculate monopolist's profit-maximizing quantity, price and profit.
Explain when prices are set by the sellers and are not determined by negotiation between the buyers and the sellers.
If the current price of its product is $80 also there is no change in quantity if price is increased, illustrate what must the new price be to achieve the goal.
Assume new suppliers enter the market due to the increase in demand so the new supply curve is Q= -500 + 10P. Illustrate what are the new equilibrium price and equilibrium quantity.
Sets out the aggregate demand and aggregate supply schedules in Japan. Potential GDP is 600 trillion yen. What is the short-run macroeconomic equilibrium.
Assume that the returns of these stocks are independent of each other. Find the mean and standard deviation of the total amount that this investor earns in one year from these four investments.
After wearing seat belts became malsoatory, drivers reacted by driving faster also less carefully. This is consistent with Illustrate what Principle of Economics.
As medicines which with brand names that the man recognise from television commercials sell for more than the unadvertised versions. elucidate in economic terms this perplexing situation to the father.
Illustrate what is the equilibrium number of video arcades. Show how you arrived at your answer.
An industry can be characterized by the following production function. Explain how would you characterize the returns-to-scale in the industry.
Describe the strategies utilized by the critics of the infant formula companies. Elucidate the concerns of the critics of the formula companies.
Illustrate what occurred to employment during the rest of 2008. Illustrate what are some of the alternatives to a tax cut that might have been utilized.
Illustrate the entry barriers exist in the fast food industry. Compute the labor participation rate: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150.
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