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The manager of a competitive firm will:
Produce rather than shut down if the forecasted price of the product is greater than ________.
Produce and make an economic profit if the forecasted price of the product is greater than ________.
Produce at a loss if the forecasted price is less than ________ but greater than ________.
Shut down if the forecasted price is less than ________.
Minimize loss by producing the level of output where ________ equals ________ when forecasted price is greater than ________ but less than ________.
Maximize profit by producing the level of output where ________ equals ________ when forecasted price is greater than ________.
The current inflation rate in Iran is roughly 23% per year (because of economic mismanagement and UN sanctions). How should a prudent Iranian invest a large sum of rials today to preserve/grow its future value?
Suppose the T-account for ABC bank is as follows: assets: reserves($150000), loans(250,000)and deposits $400,000.if the fed requires banks to hold a 10 percent of deposits as reserves explain how much in excess reserves does ABC holds.
HomeGrown is a small restaurant that specializes in serving local fruits, vegetables and meats. The company has chosen to enter into a long-term relationship with Family Farms, a local farming operation. The two parties have decided to enter into a l..
Suppose that demand for a product is Q=140-6P and supply is Q=2P-20. Furthermore, suppose that the marginal external damage of consuming this product is $4 per unit. Does it result in under consumption? Or over consumption? How many more or less unit..
If monopoly involves a deadweight loss to society so that consumers pay a higher price for the product and have less than an optimal amount of it available, why does our government give patents to some firms for products so that they can keep a monop..
q1. you own a small town movie theatre. you currently charge 5 per ticket for everyone who comes to your movies. your
USA has millions of individuals under 16 years old who are not working. Do we include them as part of unemployed individuals? Why higher rates of unemployment undesirable? What are the social problems linked with unemployment? What are the types of u..
This means that there is a bigger shortage or excess demand than there otherwise would be. Illustrate what is your view of the law forbidding the sale of human organs.
Suppose the consumption expenditure is C = $100 billion + 0.9*Y. Investment (I) is $100 billion, government spending (G) is $50 billion and exports (X) are $100 billion. Imports depend on the level of income as follows: M = 0.1*Y. Calculate the equil..
Explain how much additional profit do you earn using a two-part pricing strategy compared with charging this customer a every-unit price.
Again, thinking in terms of marginal propensity to consume, under what circumstances would your tax proposal increase total consumption spending? What other policies could be enacted to increase total consumption spending?
In which of these instances is demand said to be perfectly inelastic. Elucidate is demand curve is horizontal.
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