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Suppose that a firm that is a perfect competitor in its output market can vary only input Z in the short run and that AP(z)=80-z and MP(z)=120-z a. Suppose that the price of the firm’s product is $20. What are the firm’s marginal and average revenue product functions? What is the firm’s short-run demand function for input Z? How much input Z will the firm use when the price is $40? When the price is $80? b. Show that the results in (a) are consistent with the profit-maximizing rule in the firm’s output market: Produce the level of output where Short-run Marginal Cost is equal to output price.
Why does the loss in economic surplus directly experienced by the participants in the marketplace for s good
What is strategic planning and why it is crucial to an organization’s survival? In your response, and how strategic planning differs from strategic management?
Discuss two fiscal policy measures taken by the government that attempted to minimize the recession and provide for economic stabilization when the the economy apparently was heading for recession in 2007.
Elucidate is the efficient yearly output of paper and how can this be achieved.
Illustrate what does your anticipated adjustment process imply about the CR for the industry.
smaller multiplier means that change in government purchases of goods and services, government transfers, or taxes necessary to close an inflationary or recessionary gap is larger. How can you explain this apparent inconsistency.
Elucidate what is meant by the paradox of mercantilism. Explain how was this reflected in mercantilist wage and population policies.
The review should consist of a summary of the main arguments of the article also an evaluation of the strengths also weaknesses of the article.
One of the partners favors moving downtown because she believes the additional business gained by moving downtown will exceed the higher rent at the downtown location plus the cost of making the move.
Explain price elasticity, income elasticity and cross elasticity of demand. Assess relevance of price elasticity of demand, income elasticity of demand and cross elasticity of demand to a magazine publisher.
Why might the U.S. have a comparative advantage in bioinformatics but not in manufacturing and steel making.
In a current newspaper article you also read that The Camera Shop has exhausted its undertaking capital and that no new investors
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