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If there is market for an indivisible item in which there is for each of the following numbers exactly one supplier whose cost of producing the item are equal to this number: 1,2,3,4,5,6,7,8,9,10. There is also for each of the following numbers exactly one buyer whose value for the item is equal to this number: 2,4,6,8,10,12,14,16,18,20. What are the equilibrium prices in this market?
The marginal cost curve above the minimum average variable cost
Would the accumulation of historical prices and quantities exchanged in the market establish a long-run supply curve? How would the historical relationship differ from how firms (and economists) envision today's long-run supply in the industry?
charles calomiris an economist at columbia university said the following about the initiatives of the treasury and the
if the u.s dollar were to appreciate substantially what steps could a domestic manufacture like cummins engine co. of
The rate of growth in the productivity of capital is one percent the rate of growth of capital is two percent the rate of growth of labor is one percent and the rate of growth in the productivity of labor is three percent. From this we know that per ..
Explain briefly what English. Dutch, and sealed bid auctions are why the bidding strategies for English and 2' price sealed bid auctions differ from those for Dutch and 1" price sealed bid auctions.
a small tractor producing firms total cost and demand equations are as followsc 37500000 5000q 1.5q2p 30000 - qa.
Globalization is becoming very important in economic discussions. While some politicians favor protectionist policies because they feel these policies protect domestic producers, others claim free trade increases economic activity and has advantag..
1. (Time Value of Money) You can borrow and lend money at 18% in the market. You have $200,000. You are considering entering into a perfectly competitive market by starting a business today. You will need to pay $120,000 as your fixed costs for an..
Determine the degree of operating leverage at an output of 400,000 barrels.
Using suitable diagrams and appropriate assumptions, Describe why two indifference curves cannot intersect.
All firms in the industry have identical technology and face the same cost curve: C(Q) = 500 + 10Q + 0.5Q2 . There are 10 firms in the industry.
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