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Suppose a competitive market consists of identical firms with a constant lon-run marginal cost of $10. (There are no fixed costs in the longrun) The demand curve is given by q=200-p
a) What are the price and quantity consumed in the longrun competitive equilibrium?
you select to work more hours or fewer when offered a higher hourly salary.
Suppose that owners of high-rise office buildings are the main employers of custodial workers in acity. The city has decided to impose rent controls, and ithas established a rent ceiling below the previous equilibriumrental rate for offices throug..
Yet after telling the bank of his conditions the bank refuses to hire Gorton. He sues based on the Americans with Disability Act (ADA). Who wins and why? Would it matter if Gordon never told the bank about his HIV and allergies? If no, why not? If..
This problem uses Okun's law to study how the unemployment and inflation rates change when there are demand shocks. Assume that the relationship between the output ratio and the unemployment rate, U is given by the equation U = 6.0 - 0.5 (output ..
A certain country has a very centralized collective bargaining, under which wage bargains are applied nationally. This country is thinking about adopting a bargaining structure that is more decentralized so that wage bargains will be made.
If the production function is Y = A K1/2L1/2 what is total factor productivity?
Assume you borrow $1 million. According to MM, Illustrate what fraction of the firm's equity will you need to sell to raise the additional $1 you need.
A slowdown in the economy increases unemployment and decreases output. As a result of this action, there will be an increase in the quantity supplied of loanable funds. an increase in supply the of loanable funds.
Suppose the company is considering using an amount equal to 10 percent of its retained earnings to invest in one of the two mutually exclusive projects.
Ginger's utility function is \(U(x,y) = x^{2}y\) .Prices are Px=8 and Py=2 and Income is I=240. a)Determine Ginger's optimal basket given these prices and her income. b)If Py increases to 8 and Ginger's income is unchanged, what must the Px fall to..
write a paper explaining issues that bring concern to pricing your services and products. what ethical challenges will you face in hiring non CPA's.
Explain the relationship between a firm's short-run production function and its short-run cost function. Focus on the marginal product of an input and the marginal cost of production.
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