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In your city, there are currently three firms providing oil changes. For each firm, there is a fixed cost of $100 per day and a marginal cost of $12 per oil change. Each firm currently maximizes its profit by providing 15 oil changes per day. a. For each firm, marginal revenue equals $ . (Enter your response rounded to the nearest dollar.)
She invested £34,800 in the stock, and held it for a period during which she received interest of £5,600 in total for the period.
Discribe in detail ONE factor of how government involvement in the marketplace can impact or not impact the economy.
The following is a list of figures for a given year in billions of dollars. Calculate the GDP and NI.
How would a regular LM curve be affected if the private sector demand for money balances increased following heightened uncertainty about prospects for bonds?
Elucidate in Olipolistic terms, and with graphs, what is really happening. Shoud the US anti-trust laws be invoked in industries like this.
Let B1(hat) and B2(hat) denote the estimated regression coefficients from a sample of size n for y = x1B1 + x2B2 + u. Show that b1 = B1(hat) + (X1TX1)-1X1TX2B2(hat) where b1 is the coefficient estimate from the regression of y on X1.
What is the dollar amount of excess reserves and by what dollar amount can this bank safely expand its loans?
Illustrate what can you infer from this data about the rate of labor productivity growth in the US economy during this period.
Describe the trade-offs between audio quality versus transmission rate or file size for MP3 digital audio data format. Please you can include references where necessary.
Suppose that the trade pattern of a country is that it exports foodstuffs and imports fancy sports equipment. Can you make a case that trade acts like a regressive tax in its impact on the distribution of real income and welfare within the countr..
In today's market, Ford and Chevrolet produce small cars that are designed to compete with Korean made small cars. The American cars are slightly larger and slightly more expensive.
Critically discuss the strengths and weaknesses of using per capita national income (even once adjusted for purchasing power parity) as a measure of welfare. Discuss at least two alternative measures of national welfare that have been put forward? ..
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