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Q. Suppose the point of tangency that characterizes long-run equilibrium for a monopolistically competitive firm occurs at Q1 units of output. This level of output,
a. Exceeds the level of output at which marginal revenue equals marginal cost
b. Exceeds the level of output at which marginal cost equals average total cost
c. Falls short of the level of output at which price equals marginal cost
d. Exceeds the firm's efficient scale of output.
What is the total market demand for polyglue at the price established by Alchem in Part (a)? How much of total demand do the follower firms supply?
how fiscal policy can ‘stabilize' economy. What about government borrowing and public debt.
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illustrate what can you say about the price elasticity of demand for DVD players. Will this price reduction necessarily lead to an increase in profits for DVD player manufacturers.
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What is the present value of costs under option A? Under option B? Which is the better option? (b)* Given that she is going to stay in business for another seven years, should she be considering other options??
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Explain why are changes in inventories included as part of investment spending
Compare the marginal benefits and the marginal costs associated with your purchasing decision. Explain how the strength of the economy as a whole affected the marginal benefits and the marginal costs associated with that decision.
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