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A normal good is being produced in a constant-cost, perfectly competitive industry. Initially, each firm is in long-run equilibrium. Briefly explain the short-run adjustments for the market and the firm to a decrease in consumer incomes. What happens to output levels, prices, profits, and the number of firms?
Find out the optimal weekly output and price of this firm. Find out the weekly profit from the production and sale of this product.
Cost-benefit analysis attempts to: a)compare the real worth, rather than the market values, of various goods and services. b)compare the relative desirability of alternative distributions of income. c)determine whether it is better to cut government ..
What might be included in the "total cost" of acquiring and watching movie on DVD? What about the "total cost" of seeing a movie at the multiplex?
Suppose there is a market for an industrial compound, Weon. This industrial compound is used as an input for the production of cleaning agents.
You are to be part of a panel of three local person considered to have experience in international business.
Our currencies value vis a vis other currencies. Explain why did the US abandon the standard in the first place.
Assume you are an economic consultant for a big company that produces and sells lollipops that are shaped like the faces of Hollywood celebrities.
In your discussion, comprise the reason for the lawsuit, the outcome of the trial and how this lawsuit affected Microsoft and consumers.
The company articles of incorporation and state laws place no restriction on the sale of stock to outsiders. An unexpected opportunity to expand arises that will require an additional investment of 14 million.
What would he buy the health insurance at a premium cost of $1,500? Why or why not. What implications can be drawn from the analysis.
Discuss the strengths and weaknesses of such an application. In your answer, include a discussion of the three types of demands for money using the Keynesian model.
On the planet Omicron Persei 8, government spending is $1000, net taxes are $1200, and planned investment is $1400. Consumers spend according to the equation C = 100 + 0.8Yd, where Yd represents disposable income.
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