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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?
Explain why airlines would be a good example of an oligopoly market? Analyze why airlines have to watch each other when they make pricing decisions?
what happens to gross debt as a percentage of GDP. Elucidate what happens to the level of debt held by the public as a percentage of GDP.
Say y store it as cash in a mayonnaise jar in kitchen cabinet. What would this do to circular flow of income and spending. How would businesses react to household hoarding.
Why did Japan's export based economic groth stall in the period 1990-2012? In particular, focus on the differences between the modern
Suppose the short-run production function is q = 6L^2. If the wage is $12 per unit of labor, then: What is the average variable cost?
She is now considering raising her prices by 20 percent to offset the increase in her monthly rent.
Explain why this budget constraint but you cannot tell anything about the MRS at this point.
Elucidate the difference among nominal and real variables and give tow examples of each. According to the principle of monetary neutrality, which variables are affected by changes in the quantity of money.
When managed care was first emerging as the dominant form of health insurance, new MCOs competed fiercely for new enrollees, sometimes sacrificing short-term profit to increase their volume of policyholders. Why is the number of policyholders so impo..
State briefly the basic characteristics of pure competition, pure monopoly, monopolistic competition, and oligopoly.
This assignment provides an opportunity for you to consider the meaning and operation of internal control by reflecting on the design, implementation and effectiveness of internal control plans in a business process.
You plan to borrow $5000 to buy a car. The bank advertises two car loan plans with different nominal interest rates (APRs) and pay-offs periods. Plan A loans the money at the effective rate interest of 12 % compounded monthly, to be repaid over the n..
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