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Since under price leadership by the dominant firm, the firms in the industry following the leader behave as perfect competitors or price takers by always producing where the price set by the leader equals the sum of their marginal cost curves, the followers break even in the long run. True or false? Explain.
Show that a specific tax of $3.70/unit generates the same revenue as a 20% ad valorem tax
Suppose which gross private domestic investment is $800B also the government is currently running over a $400B deficit.
If there were only one seller, illustrate what would be the equilibrium price and quantity.
Illustrate what happens to the demand curve for turkey in the u.s. In November. What happens to the curve after the holiday. Why do these changes occur.
Illustrate what the reason which individuals households at some time in their lives spend more than they earn and at other times save some of what they earn.
Elucidate how it is possible that we have "sustainable development" (as it is defined in text book) in a world in which minerals, oil and or non-renewable resources are being depleted.
Ignore the time value of money and compute the optimal pricing scheme of the iphone, Suppose that there are equal numbers of each customer type, and that the MC of the iphone is $100.
Illustrate what changes in the Ants' resources do we see through the film. Are the Grasshoppers commercial talent and they are just annoying.
What describe the distribution of national salary among labor and capital in a competitive, profit-maximizing economy with constant returns to scale.
A similar helicopter was purchased 4 years ago at a cost of 140,000$. At an interest rate of 7% per year. Illustrate what would be the equivalent value today of that 140,000$ expenditure.
Explain your reasoning and use Lisa Blake and Walter Barnes as your point of reference. Also elucidate the influences affecting foreign exchange rates.
Calculate the equilibrium buyers' also sellers' price with no sales tax also then with the 20% tax Supposed above.
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