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For each of the following characteristics, say whether it describes a perfectly competitive firm, a monopolistically competitive firm, both, or neither.
A. sells a product differentiated from that of its competitors
B. has marginal revenue less than price
C. earns economic profit in the long run
D. produces at the minimum of average total cost in the long run
E. equates marginal revenue and marginal cost
F. charges a price above marginal cost
How does the concept of capabilities to function' help us gain insight into development goals and achievement explain its contribution in measuring level of development.
Which of the following is an example of a Federal Reserve operating target?
Suppose that a rm has the production function given by f(x1,x2)=4SQRT(x1*x2) Let w1 = $64 and w2 = $1. What is the total cost of producing 20 units of output in the long-run?
the loan results in a new checkable bank deposit in a different bank equal to the amount of the loan, explain by how much could the total money supply in the economy expand in response to Tracy"s initial cash deposit of $500.
Elucidate how much did Chinese purchases of financial also real assets abroad exceed foreign purchases of Chinese financial also real assests.
Pat and Kris are roommates. They spend most of their time studying (of course), but they leave some time for these favourite activities. Making pizza and brewing root beer they decide to aside 6 hours for these activities. What is the opportunity cos..
Illustrate what criteria are you using to classify this industry as an example of oligopoly.
An engineer deposits $900 each month into a retirement account. After 30 years, the balance in the account is $1.7 million. Determine the effective annual rate of return for this account.
Explain how does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil
Assume that during the last month of the tenth year of ownership, the property in Problem 2 is sold for 1,500,000. Assume also that the seller incurs transaction costs equalling 6 % of the sales price.
discussions facility costs please respond to the following suppose you have been working with the federal government
q1. suppose that any punitive damages awarded to the plaintiff were to be paid not to the plaintiff but rather to say a
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