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Suppose a firm's short run total cost curve can be expressed as STC (Q) = 50Q + 10. Calculate the firm's short run-average total cost curve and average variable cost.
Walmart has had many problem with it's work force over health insurance, forming a union etc. Would you consider walmark to me a monophony? Explain why and why not. What impact will having a union have on the workers and on Walmart.
What does the Taylor rule imply that policymakers should do to the fed funds rate under the following scenarios?
Why might it be hypothesized that a typical developed country is likely to have a greater relative amount of intra-industry trade than is a typical developing country? Explain.
As an industry moves from being a monopoly to a monopolistically competitive one. Illustrate what happens to elasticity of demand curve facing industry.
The demand function for a firm’s product is Q = P!3. The firm’s marginal cost of production is constant at MC(Q) = 12. Using your answers to (a) and (b), what is the firm’s profit-maximizing markup? (Justify your answer carefully. Do not forget about..
Andrew has decided to open an online store that sells home and garden products. After searching around, he chooses the software company Initech to provide the software for his website since their product required the least amount of specialized inves..
Suppose the demand for good X is given by Qdx = 10 - 2Px + Py + M. The price of good X is $1, the price of good Y is $10, and income is $100. Given these prices and income, how much of good X will be purchased?
Some economists suggest that the increase in e-commerce within the business-to-business (B2B) market will lead to greater competition and more goods and services becoming commodities, meaning they will compete solely on price. How do you think thi..
Why do economists insist on emphasizing the difference between money and income? Why is this difference important in macroeconomics?
Assume a perfectly competitive firm is producing a level of output at which MR
Utilize these new diagrams to Elucidate the long-run which will take place in this industry.
According Keynesian’s theory (the government could switch role and become consumers during a recession) Discuses these theory with some example. !? What is the condition of macroeconomics equilibrium and find MPC when Y=1 and MPS=0.25. ?
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