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Firms in the long-run do not experience diminishing marginal returns. Then why do some industries have upward-sloping long-run supply curves?
Calculate the dominant firm’s residual demand, and marginal revenue of its residual demand. Plot them on the graph. Calculate the equilibrium quantity and price set by the dominant firm. Also calculate the equilibrium quantity supplied by each compet..
in managerial economics applications strategy and tactics if contract promises were not excused because of acts of war
A man is planning to retire in 20 years. Money can be deposited at 6% interest compounded monthly, and it is also estimated that the future general inflation rate will be 4% compounded annually. What amount of end-of month deposit must be made each m..
Help wanted advertising is higher than usual also the consumer price index is up more than expected.Inflation has slowed markedly also the Dow Jones average is at record levels.
Which organization has a bigger markup. Explicate. Which organization has the bigger incentive for careful quality control
Suppose there are two countries Home and Foreign. They have two factors of production, labor and capital. Using production possibility frontier for both countries show that at the same ratio of relative consumption of aircraft to cloth (Da/Dc) in two..
One shortcoming of the Bureau of Labor Statistics Index of Labor Productivity is that it:
The weekly demand and supply functions for seats on flights between Syracuse and Boston have been estimated as follows: Qd = 1600 - 2.5 Price + .040 Income - 4 Weather + 1.20 Pa ( where Pa is the price of alternative means of travel ) Qs = -50 + 4.25..
Supposed a proposed public policy could result in three possible outcomes: If the probability of each outcome is, respectively, 0.85, 0.10, and 0.05, should the policy be pursued or not? Explain.
Estimate amount of former foreign-monopoly profit that is transferred as tariff revenue to home nation when home nation imposes tariff.
Which of the following items are not considered resource costs even though they are counted as income paid to persons?
My income decreased by 25% and I purchased 10% more Cheez-Its. What is my income elasticity of demand for Cheez-its? Are Cheez-Its a luxury, normal, or inferior good in this case? Show your work to receive full credit.
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