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3. Analyse the two following situations for forms in competitive markets: a) suppose tha TC =100 +15Q, where TC is total cost and Q is the quantity produced. What is the minimum price necessary for this fi to produce any output in the short run?
Suppose that MC=4Q, where MC is marginal cost. The perfectly competitive form maximizes profits by producing 10 units of output. At what price does it sell these units?
Under oligopoly if one firm in an industry significantly increases advertising expenditures in order to capture a greater market share, it is most likely that other firms in that industry.
Each station's objective is to maximize its viewing audience, in order to maximize the station advertising revenue.
China has continued to lag well behind the rest of the world in information technologies
Why all the balance of payments accounts be in surplus. What factors determine the demand for British pounds in foreign exchange markets.
The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are $100.
Show how each of the following would initially affect a bank's assets and liabilities.
Jane wants to buy a beautiful doll as a gift for her sister's birthday. What is the advantage to society to correct the externality?
The equilibrium quantity increase or decrease depends on Demand
The Coca-Cola Company has 40% of the cola market. Determine the probability that a sample proportion
Use supply and demand model to explain the dramatic rise in the price of a college education.
Semiconductor chips are used to store information in electronic products, such as personal computers. One of the early leaders in the production of these chips was Texas Instruments (TI).
Expectations and consumer confidence are important in determining fluctuations in aggregate spending. In your opinion, what is the present status of consumer confidence.
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