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1. For a perfectly competitive? firm, at profit maximization
A. marginal revenue equals marginal cost.
B. total revenue is maximized.
C. production must occur where average cost is minimized.
D. market price exceeds marginal cost.
2. Which of the following will shift the demand curve for a? good?
A. a change in the technology used to produce the good
B. an increase in the price of the good
C. a decrease in the price of the good
D. a decrease in the price of a complementary good
Compute and plot yield spread (difference between yields to maturity of console and one-period bond). Is yield spread pro-cyclical or counter-cyclical.
Based on the lags associated with fiscal and monetary policy, which one of the two tends to be more quickly implemented? Justify your answer in one paragraph.
If producing a good generates pollution (a negative externality), from a social perspective ...
Select one country and list 5 elements of its cultural environment. For each cultural element, explain the impact on international business. Limit your answers to a couple of sentences for each element of culture.
q1. the law in ruba says no worker shall be paid less than nine slugs per hour. estimate the quantity of labor supplied
If you had $ 4000 now and invested it at 6% simple interest, how much would it be worth 12 years from now? How much would it be worth if you receive 5% compound interest instead of 6% simple interest?
Plotting the supply of labor In Denver, 140 people are willing to work an hour as hostesses if the wage is $10 per hour. For each additional $5 that the wage rises above $10, an additional 35 people are willing to work an hour. What is one explanatio..
What is the future value of a $810 annuity payment over four years if interest rates are 8 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Standard empirical analysis of learning by doing estimates a "progress ratio" that is the reduction in a firm's average costs. Write down an algebraic form of a cost function which would have a constant "progress ratio."
Pick one company and analyze that company. Identify one concept from all of the following 1. Basic economic relations 2.Statistical analysis (history/competition)
For several decades the labor force participation rate of women increased steadily but average hours worked per employed woman decreased steadily. Holding all other factors constant, could rising wage rates of women explain both phenomena? Explain.
A renewable natural resource is one that can't be used without reducing the stock of the resource for subsequent use. An exhaustible natural resource is often managed in a manner that makes some of it available for future use. Oil and coal are renewa..
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