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A price-taking ?rm selling in a market with a price greater than the ?rm's average total cost should:
Increase its output level
Decrease its output level
Cease operation in the short run
Cease operation in the long run
None of these
Explain how you would tell the employee and your remaining subordinates.
Why the government now levies a tax on this good of 200$ per unit. Is this a good policy or why not. Can you propose a better policy
Illustrate what cost should each industry charge if it wants to maximize its profit. Why are costs and output of industries 1 and 2 same however different for industry 3.
Assume the money supply is $800, the velocity of money is 7, and the price level is $2. Using the quantity theory of money: Determine the level of real output. Determine the level of nominal output.
When writing a bad-news message, it’s best to
mustard and mayonnaise are substitutes. mustard and relish are complements. mustard is a normal good. during the summer
A company is trying to predict the long-run market share of a new men's deodorant. Based on initial marketing studies, they believe that 35% of new purchasers in the market will ultimately try this brand. Calculate the long-run market share that the ..
How do fixed costs play a role in your analysis? What is the difference between shutting down and going out of business?
Potato farming (like farming of most agricultural products) is highly competitive. Price is determined by demand and supply. Based on U.S. Find the competitive market price and output. Potato farmers in Montana raise about 7 percent of total output. ..
Suppose that international markets expect inflation to average 1.7% in germany for the foreseeable future, and U.S. inflation is expected to average 1.5%. Based on that information one should expect the dollar to:
Explain why domestic producers who supply a good that competes with imports would prefer an import-substitution approach to trade rather than an export promotion approach. Which policy would domestic consumers prefer and why.
q.in year 1 and year 2 there are two products produced in a given economy computers and bread. suppose that there are
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