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In monopolistic competition, firms are said to have zero long-run economic profit.
This makes me wonder whether profits of intermediate goods producers in New Keynesian model ever be zero.
For reference we can assume Gali's simple New Keynesian model.
A jar contains 21 pink and 26 navy marbles. A marble is drawn at random.P(navy)Express the probability as a decimal. Round to the nearest hundredth.
A large bank has increased its annual percentage rate (APR) on credit cards to 35%.?This move was necessary because of the "additional risks" faced by the bank in a weak economy. If monthly compounding is in effect, what is the effective annual inter..
Illustrate what do you expect would happen to coffee consumption? In what direction would the CPI move, ceteris paribus? Would that change correctly reflect the impact on consumers' welfare? Explain briefly.
In order for a price-discrimination scheme to be effective at boosting profit, the seller must...(choose correct answer(s))
Illustrate what two policies could you use to reduce the total amount of emissions.
Show how the answer depends on the shape as well as location of the supply as well as demand curves.
Compute the elasticity of demand when the price of a deluxe cheeseburger raises $2.50 to $3.00 which causes sales to fall from 175 deluxe cheeseburgers each day to 125 deluxe cheeseburgers each day.
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“If the legal standard of care in a negligence rule is necessarily vague, the court should set it below the level of efficient precaution.” Explain the economic argument in favor of this proposition. Doctors are liable when their negligence injures p..
What will the sustainability movement look like over the next 20 years? What issues do you expect to take center stage? How will business respond?
q1. suppose a consumer has an income of 500 and faces prices px5 and pz10. write the equation for the budget
Operating expenses are expected to be $2000.00 the first year and increase by $500.00 each year during the life of the equipment. Is this is a good investment assuming equivalent annual methods?
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