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What is the difference between fixed costs in the short run and in the long run? Why does it make sense for unprofitable firms to stay in business?
Why do perfectly competitive firms make zero economic profit in the long run?
Explain why a monopolist must lower its quantity relative to a competitive market to maximize its profits.
What are the facotrs involved? What were the circumstances? How was the dilemma handled? What were the consequences?
A corporation purchased a machine for $60,000 five years ago. It had an estimated life of ten years and an estimated salvage value of $9,000. The current book value of this machine is $5,000. If the current market value is $22,500 and the effective i..
Aware of consumer sentiment, the largest supermarket chains in the country vow they will not purchase food products that use genetically modified crops.Does either of these cases run afoul of WTO policies?
For what values of λ and y will signaling occur (a separating equilibrium)? For what values of λ and y will signaling not occur (a pooling equilibrium)? Briefly explain.
Judy has decided to allocate exactly $500 to college textbooks every year, even though she knows that the prices are likely to increase by 5 to 10 percent per year and that she will be getting a substantial monetary gift from her grandparents next ye..
International trade is most likely to occur whenever a. one of the trading nations is self-sufficient b. all of the trading nations are self-sufficient c. one of the trading nations gains from trade d. each of the trading nations gains from trade
What effect on the price elasticity of demand for commuter rail is there likely to be from a decrease in the price of gasoline? Explain your answer
Clear Limited produces Plasma TV and distributes to retailers under her own house brand. Recent trend in market seems to favour adoption of TV using either LED technology.
You're in Management for IBX Steel Components. J. D. Brotsky is a top labor leader and just announced that her union will go on strike against management unless you grant the workers a significant pay raise.
How are foreign exchange rates determined and How do changes in interest rates, inflation, productivity, and income affect exchange rates? (150 minimum word count)
Are deeper and more meaningful measures of labor market conditions necessary in order to comment more effectively on macroeconomic performance?
State the conditions under which a nation can gain from international trade in the context of both comparative and absolute advantage, and describe the benefits of international trade.
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