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1) The perfectly competitive blank compact disc industry is in long-run equilibrium, selling blank discs for $5 apiece. Now the government imposes an excise tax of $2 per disc produced.
2) A monopoly firm has just taken over the blank compact-disc industry. There have been technological advances that have lowered production cost, but the monopoly firm charges a price greater than average total cost, even in the long run. As it turns out, the firm is still selling compact discs for $5. The government imposes an excise tax of $2 per disc produced.
The firm's long-run total cost is given by and long-run marginal cost is given by LMC = 100 - 20Q + Q2. At what output level does the firm experience economies of scale?
Write a three page report proposing your program to the Mayor and Council. Include in your proposal the Cost-Benefit Analysis Tableau for your proposal.
is there any difference between the two approaches of the keynesian theory and the new keynesian theory in terms of
you will apply important microeconomics concepts toward the competitive strategies of an organization that operates in
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consider an c the production function is unspecified but we know that the theory of distribution todwpmpn holds.
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The process of lobbying legislatures is itself a big business. State legislatures are under the same kind of pressure from interest groups as the Senate and the House of Representatives.
What is the Consumer Price Index and How has the CPI behaved since the year 2000? What have been the causes of these changes? In your response, include a graph of the CPI for this period and cite your source.
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