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Suppose a firm in a competitive market reduces its output by 20%, as a result the price of its output is likely to?
Suppose a firm in a competitive market produces and sells 150 units of output and earns $1800 in total revenue from the sales, if the firm increases it output to 200 units, total revenue will be?
If a competitive firm is currently producing a levle of output at which marginal cost exceeds marginal revenue, then?
Find the future worth in year 10 of a periodic investment that starts at $8300 in year 1, increases to $8988 in year 2, and increases by the same percentage each subsequent year. The interest rate is 4% per year.
calculated the price to be $7 and quant to be 5 on first part. After, I thought the price would be $7.67. Is this correct? and if not, please explain. show the changes in the equilibrium price and quantity.
Suppose the demand and supply functions of a good are specified as follows: QD= 600-2p and QS= -200 + 3P. Equilibrium price and quantity must be:
Snip and Chip Inc. sells silk upholstery curtains for $150 each. The project's budgeted unit sales for four months during the current year
Suppose that a 20% increase in the price of gasoline causes a 5% decrease in the consumption of gasoline and a 30% drop in the sales of SUVs. What can you say about elasticities?
Final Finishing is considering three mutually exclusive alternatives for a new polisher. Each alternative has an expected life of 10 years and no salvage value. Polisher 1 requires an initial investment of $20,000 and provides annual benefits of $4,4..
The great 18th century economist Adam Smith wrote, "Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought abo..
Suppose the currency-to-deposit ratio is 0.25, the excess reserve-to-deposit ratio is 0.04, and the required reserve ratio is 0.05. Which will have a larger impact on the money multiplier: a rise of 0.05 in the currency ratio or in the excess reserve..
Would each of the following increase, decrease, or have no impact on the ability of open-market operations to affect aggregate demand?
A plant superintendent has arranged to purchase an additive through a 6-year contract at $5,000 per year, starting 1 year from now. Afterwards, he expects the annual price to increase by 3% per year thereafter for the next 12 years. Use i=8% to dete..
By raising and lowering short-term interest rates to keep inflation moving at a steady pace, many central bankers and academics thought they had finally found a monetary policy solution to conquer booms and busts of the business cycle.
A competitive, unregulated market would. Utility is the. Externalities
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