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The long-run market supply curve in a competitive market will
A. be the portion of the MC that lies above the minimum of AVC for the marginal firm.
B. typically be more elastic than the short-run supply curve.
C. always be horizontal.
D. be above the competitive firm's efficient scale
What is the effective rate of protection for the automobile industry in country A, if there is a tariff of 25 percent on imported automobiles and a tariff of 50 percent on imported inputs used in this industry.
indicating how it will influence your decision to open the pizza business in your town or community. Explain any additional variables that may improve the coefficient of determination.
In a macroeconomic equilibrium,
If the U.S. and Japan trade different versions of cars and the U.S. enact trade barriers against Japanese car imports, what will happen to the level of Japan's horizontal foreign direct investment in the U.S.? Why?
Suppose the employees of Starbucks in China are paid 8 yuan per hour and a cup of coffee is priced at 8 yuan. If Starbucks is maximising its profit, what is the value of marginal product of labour (VMPL) per hour of the last worker employed by Starbu..
Illustrate is the income elasticity of demand for yo-yos. At what price will total revenue realized from their sale be at a maximum.
Illustrate what marketplace structure did you assume. Would your answers in b change if the marketplace for sewing machines were competitive.
q1. the short-run marginal cost of the ohio bag company is 2q. price is 100. the company operates in a competitive
You have been asked to discuss the differences between the microeconomic definitions of supply and demand and the macroeconomic differences of aggregate supply and demand. Discuss what determines supply and demand and aggregate supply and aggregate d..
q1. the project management role has several responsibilities in the area of scope. which of the following represent
Illustrate what is expected value of sample information. Explain how much might physicians be willing to pay for a market study.
7) in 1988, the average wage rate was 9.45 an hour and in 2008 the average wage rate was 18 an hour. The CPI in 1988 was 118.3 and in 2008 it was 215.3. which is real wage rate is higher?
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