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Q1. Assume that restaurant charges $11 / meal for 180 meals as well as that the marginal cost of the 180th meal is $8 in long-run equilibrium. Explicate what is the size of firm's revenue?
Q2. The World economy and the U. S. are still in a period of high and slow growth unemployment. As we in the U. S. are previously in an election year, does the Political Business Cycle still exist? Do current politicians use to manage and influence to get reelected? Is this a "valid" use of political power? How does this impact business firms? Discuss.
illustrate what is the profit maximizing quantity that should be offered to Group B
According to Global Insight, a Massachusetts economics consultancy, what will happen if oil prices remain in the range of $65 to $70 per barrel for a couple of more months?
Why should this policy be undertaken under conditions where economy is at some GDP level less than full employment level? You may use a long run aggregate supply curve to bolster your argument here.
Assume that the country initially has no restrictions on trade also then imposes an import quota
How long will this discount change the consumer surplus and producer surplus? Will Big Top be more efficient by offering the discount to children?
As per to Global Insight, a Massachusetts economics consultancy, elucidate what will happen if oil prices remain in the range of $65 to $70 per barrel for a couple of more months.
prepare a table that compares and contrasts the various characteristics of the 4 market structures to include in your paper. column headings include
Primary, assume all retailers sell the basic version of Vista also Circuit City were to raise the price at which it sells Vista.
Discuss how each of the 4 factors contributed to the elasticity of the good.
The Gauss-Markov theorem states that OLS estimates are BLUE. List what word each letter in the acronym BLUE stands for. Then, give an intuitive definition for each of these words ?
Assume that you own a 10-acre plot of land that you would like to rent out to wheat farmers.
When you apply conventional finish to the wood you use traditional lacquers. The California Division of ABC has changed from conventional lacquers.
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