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The government imposes a fixed fee per year on each firm operating in a competitive market. What happens to output, the optimal scale of a firm, and price if there is a free entry into the market. Show the effects on the firm and industry diagrams.
If you deposit money today in an account that pays 6.5% annual interest, how long will it take to double your money.
Illustrate money supply should the Bank of Canada set next year if it wants to keep the price level stable.What money supply should the Bank of Canada set next year if it wants inflation of 10 percent.
Illustrate what must the drivers have the drivers believed about the price elasticity of demand for taxi rides
Should a company hire temporary workers or hire new workers to handle increase demand for the company's product.
Decide whether the Demand for paint is elastic, unitary elastic or inelastic. Elucidate your reasoning also interpret your results.
If lots of people want Euros also Euros are in short supply also a few people want Japanese yen also yen are in plentiful supply the euro is likely to.
Assuming no other changes, if balances in money market deposit accounts increase by $50 billion and small-denominated time deposits decrease by $50 billion.
Suppose a wage increase from $25 to $27 an hour increases the number of job applicants from 52 to 66. Illustrate what is the price elasticity of labor supply.
Illustrate what is the smallest value of x that would be sucient to make Buck want to invest in the pinball palace rather than have a wealth of $24,000 with certainty.
A firm sells a product in a purely competitive market. Illustrate what would the price of wheat be in the absence of trade.
Suppose individuals require a certain level of food (x) to remain alive. Let this amount be given by X0. Once X0 is purchased, individuals obtain utility from food and other goods (y) of the form.
Suppose that one company acquires all the suppliers in the industry and thereby creates a monopoly. Illustrate what are the monopolist's profit-maximizing price and total output.
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