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Should you raise the price of your widgets? What will be the effect on total revenue? Include elasticity, consumer and producer surplus, utility maximization, consumer equilibrium.
What could the Fed do in 2002-2003 in order to bring the economy back to full-unemployment ? What did the Fed actually do? Explain in detail
Intel is a monopolist manufacturing computer chips with a competitive fringe of firms that act as price takers of the price Intel sets. The market willingness to pay for the P80 chip is given by p = 400 - Q, with p in dollars per chip and Q in thousa..
Compute accounting profit. What are the opportunity costs for the manager of being in this business relative to returning to his old job. Illustrate what is the economic profit of the business.
What do you mean by macroeconomics. What role does macroeconomics play in your personal financial decisions and the decisions that your organization makes.
A survey of economists revealed that more than three-fourths of them agreed with a number of statements, including which of the following.
Suppose that initially the price is $50 in a perfectly competitive market. Firms are making zero economic profits. Then the market demand shrinks permanently and some firms leave the industry and the industry returns back
Discuss in detail the arguments for and against the minimum wage. Be specific about the position of the economists on the issue. NO graphs and NO math.
illustrate what is the corresponding marginal cost function. at illustrate what o/p is AVC at its minimum.
Prepare the income statement and retained earnings statements for the year and the classified balance sheet at August 31.
The long-term nature of the employment relationship: motivates household members to seek market work in order to earn an income. reduces the sensitivity of wage rates to changes in demand and supply.
How does the Average Total Cost (ATC) of the mines in Canada compared to the ATC of the Alabama mines? Sketch the ATC and Marginal Cost of the whole company (include all mines in the graph, the graph has to be approximate, it should give an idea of h..
If you accept the offer calculate resulting profit. Also, calculate the optimal level of output (meter dug) and the level of labor usage.
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