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All firms in a competitive industry have long-run total cost curves given by LTC(Q) = Q3 – 10Q2 + 36Q where Q is the firm’s level of output. What will be the industry’s long-run equilibrium price? What will be the long-run equilibrium output level of the representative firm?
What are the potential consequences of a country having a large overall debt? If you were in the position to implement a solution for the country’s long-term debt, what would it be and why?
Evaluate this statement: profit-maximizing firms lack an incentive to provide job safety, and consequently, the federal government must intervene legislatively to protect workers against unsafe working conditions that will surely result.
How much the person should get? And is it taken from any person who works in US? My country is paralyzed to impose this tax due to oligarchs heavy influence. I just wanted to gain some knowledge.
The weekly sales of Honolulu Red Oranges is given by q = 1116 − 18p. Calculate the price elasticity of demand when the price is $31 per orange (yes, $31 per orange†). calculate the price that gives a maximum weekly revenue. $ Find this maximum revenu..
In 2004, a Massachusetts woman won 5.6 million dollars in the lottery, which would have paid her an initial gross payment of $283,770 and 19 more yearly payments of $280,000. Instead she sued the lottery commission for a lump-sum payment. How much mo..
The percentage effect which increase in output will have on the profit made from producing and selling commodity Alpha will be.
assuming that the marginal utility of the first four pieces of candy was 30, 28, 24, and 18 respectively, how much total utily was derived from eating three pieces of candy?
With flexible exchange rates
Suppose a government moves to reduce a budget deficit. Using the model developed in class: a) Graphically illustrate the impact of reducing the government’s budget deficit by increasing (lumpsum) taxes on household income. Be sure to label: i. the ax..
Suppose mountain spring water can be produced at no cost and the inverse demand for mountain spring water is P = 1200 – 0.2Q. Suppose the market of mountain spring water is supplied by a monopoly firm that cannot price discriminate. Find the monopoly..
Explain the foreign credential recognition issue in canada? How does it effect immigrants and immigration policy in Canada? Why is this a less of an issue in the USA?
Draw a diagram showing the combined labor market for secretaries, nurses, and teachers. Draw a diagram showing the combined labor market for all other fields. In which market is the wage higher? DO men or women receive higher wages on average?
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