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The perfectly competitive firm will be in the long run equilibrium whenever price is:
A) Equal to average cost
B) Equal to minimum average variable cost
C) Greater than minimum average cost
D) Greater than minimum average variable cost
suppose disneyland is considering how to price entry into their theme park. theyve decided that in addition to charging
on what does the domestic currency price of a nations imports depend? what would happen to the domestic-currency price
A customer has a utility function of U(x,y)=xy+6x+6y The price of good X is Px, customer income is I, hence constraint is x(Px)+y(Py)=I. Use Lagrange method to find demand function of x when I=20. Suppose Py=1, and Px can vary, I=20, what is the pric..
what impact would a change that shifts an economys production possibilities curve outward have on the long run
Debit cards allow an individual to transfer funds directly in a checkable account to a merchant without writing a check. How is this different from the way credit cards work Are either credit cards or debit cards money Explain.
TECHNICAL PROBLEMS
Explain this relationship using at least two examples that incorporates all three concepts and explain how Demand, Elasticity, and Total Revenue are all related to each other
store-front web sites make money like many traditional business by selling products or services for a pre determined
Compute the quantity supplied by each firm at prices of $1, $1.50, and $2. What is the minimum price necessary for each individual firm to supply output?
Find consumer'sA utility maximizing combination of Qax and Qay. At this point compute the level of utility enjoyed by consumer A.
Suppose that survey measures of consumer confidence indicate a wave of pessimism is sweeping the country. If policymakers do nothing, what will happen to aggregate demand? Explain what the Fed should do if it wants to stabilize aggregate demand. I..
suppose a mid-sized regional bank has 1 million dollars which it is considering investing either in 30 year zero coupon
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