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Assume Dell computer Company operates in a perfectly competitive market producing 5,000 computers per day. At this output level, price exceeds this firm's marginal cost. It follows that producing one more computer will cause this firm's a. total cost to decrease b. profits to increase c. profits to decrease d. profits to remain unchanged
Explain the difference between a person's nominal income and their real income. Why is real income more important to that person.
Elucidate why or elucidate why not. Does it matter whether the inflation is expected or unexpected.
Assume that private schools want to maximize profits and that the market for private schools is perfectly competitive.
Resizing them as necessary, to illustrate your analysis. In each case, Illustrate what are the short-run and long-run effects on the aggregate price level and aggregate output.
Do you agree or disagree with the statement which: A monopolist always charges the highest possible price.
If this price floor is implemented, how many units of pork will the government are forced to buy to keep the price at $2.25.
Industries in the US also Europe can produce only two goods, cars also wheat. For given resources also technological how. Industries in the US can produce 1000 tons of wheat if no cars are produced.
Explore in particular how the firm responds to the macroeconomic conditions in terms of the stock performance, current also future sales revenue, current also future profits, and worker costs also hiring decisions.
Utilizing a graph of equilibrium in the housing market, describe carefully which parties win and which parties lose from rent control.
Suppose the government increases G to 1250. Compute private saving, public saving, and national saving and the new equilibrium interest rate.
what is the opportunity cost of producing Toyotas in each country. Who has the comparative advantage in producing Chevrolets.
Assume the price elasticity of demand for heating oil is 0.7 in the long run also 0.2 in the short run.
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