Already have an account? Get multiple benefits of using own account!
Login in your account..!
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Short-run supply and long-run equilibrium
If there were 60 firms in this market, the short-run equilibrium price of titanium would beper pound. At that price, firms in this industry would . Therefore, in the long run, firms would the titanium market.
Because you know that competitive firms earn economic profit in the long run, you know the long-run equilibrium price must beper pound. From the graph, you can see that this means there will be firms operating in the titanium industry in long-run equilibrium.
True or False: Each of the firms operating in this industry in the long run earns negative accounting profit.
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $14 million in withdrawals from other banks’ ATM machines. what would be the n..
Backward-looking expectations may reasonably describe actual behavior because
If there is a permanent adverse supply shock
Confronted with an adverse supply shock, an economy with rigid wages and prices would suffer
Which market structure that may have two demand elasticities. Which market structure has less elastic demand?
What is GIS and how is it related to Transportation Economics? What can GIS do to help transportation economists to save money? What impact might GIS have on future projects in transportation?
Suppose that a country's workers are universally protected by COLA's and an adverse SAS shock, occurs. After wage and price adjustments, ceteris paribus, we find
If expectations are adaptive it means that the expected rate of inflation
Answer the Question on the basis of the following Census data. Which of the above distributions is closest to describing the United States? A, B, C, or D.
Suppose an environmental regulation costs $400,000 today (one time payment) and would save $1 million worth of health costs 20 years from now. a) Would you recommend the program at a discount rate of 0%? 2%? 10%? b) Which discount rate would industry..
q1. why would the following investment expenditures increase as the interest rate declines?a. purchases of a new plant
The demand for Pepsi is more elastic Than the demand for soda. The effect of taxing demanders are the same as taxing suppliers.
Assume there was a new $100,000 deposit into a checking account at a bank. What would be the resulting excess reserves created by that deposit if banks faced a reserve requirement of: a. 10 percent? b. 20 percent? c. 25 percent? d. 50 percent?
Subprime lending is thought to be a contributing factor to the recent housing bubble. Which of the following is an example of subprime lending?
Explain how making coupons for a bakery available on a mobile phone can help increase sales through this new marketing available on smart phones.
Consider a finite set of prizes X and probabilities P on them. Suppose that an expected utility maximizer's preferences > on P have an expected utility show with utility function on prizes u : X->R.
The output level at which the aggregate demand curve intersects the aggregate supply is Saving zero. Macro equilibrium is achieved. Full employment is sustainable. Micro equilibrium is achieve
Suppose nominal GDP in 2002 was $100 billion and in 2003 it was $260 billion. The general price index in 2002 was 100 and in 2003 it was 180. Between 2002 and 2003 the real GDP rose by:
Consider options on Microsoft stock. Suppose that there are call options with a strike price of $10 and put options with a strike price of $10, both with the expiration date of January 16th. Compute the gross profit
Suppose that firms are NOT owned by consumers.than what is the value of that maximizes total consumer well-being?
Output per worker yt = 4kt 1/3, the saving rate is 30 percent, and the depreciation rate is 13.3 percent. Calculate the steady-state values of capital per worker and consumption per worker.
What is the test statistic for the null hypothesis that mu=10 when the point estimate is 13 and the sample standard deviation is 2 and the sample size is 17.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd