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Q1. The short-run marginal cost of the Ohio Bag Company is 2Q. Price is $100. The company operates in a competitive industry. Currently, the company is producing 40 units / period. Elucidate the optimal short-run output? Calculate the profits that Ohio Bag is losing through suboptimal output.
Q2. Suppose that the United States cracks down on illegal immigrants and returns millions of workers to their home countries.
a. Explain what will happen to U.S. potential GDP, employment, and real wage rate.
b. Explain what will happen in the countries to which the immigrants return to potential GDP, employment, and the real wage rate.
How might oligopolistic increase total revenue without changing prices.
What is the impact of the trade surplus or trade deficit upon the interest rates and currency exchange rates.
The price level in the economy in 2007 and 2008 rose from 100 to 105. In 2008 and 2009, the price level increase from 105 to 110.25. How does the short-run Phillips curve forecast the unemployment rate will change as a result?
how many hours you spend playing. How much time should you spend studying microeconomics?
Walmart founder Sam Walton amassed an enormous fortune in discounts retailing one of the most viciously competitive markets imaginable.
Keeping all else constant, their answer would likely differ. How do you guess the interviewed will answer? Does the difference in response matters? I
q.a can of soda costs 0.75 in the united states and 12 pesos in mexico. what would the peso- dollar exchange rate be if
If the proposed textbook receives a favorable review, explain how should the editor revise the probabilities of the various outcomes to take this information into account.
If supply at every price is reduced by five gallons, what will the new equilibrium price be.
Describe the difference between average revenue and marginal revenue. Why are both of thes revenues measures important to a profit maximizing firm?
His uncertainty about total sales of the book can be represented by a random variable with a mean of 30,000 and a standard deviation of 8,000. Find the mean and standard deviation of the total payments he will receive.
Illustrate what salary would be required for the soldiers to be as well off as with the allowance.
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