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Choose all that apply:
Within a monopolistically competitive industry, it would be expected that:
1. in the short-run an innovative firm's price is greater than their average cost
2. firms make a positive economic profit in the long-run
3. firms make a positive or negative economic profit in the short-run
One explanation for China's rapid economic growth during the past several decades is its expansion of policies that encourage "technology transfer." Analyze this change using a Solow diagram. What happens to the economy over time? Draw a graph showin..
Which of the following pricing strategies is NOT used in markets with special cost and demand structures?
Suppose in Belgium the opportunity cost of producing a trombone is 8 clarinets. In Denmark the opportunity cost of producing a trombone is 6 clarinets. What is the opportunity cost of producing a clarinet for Denmark?
Use the model of aggregate demand and aggregate supply to illustrate the initial equilibrium (call it point A). Be sure to include both short-run and long-run aggregate supply
Arian is about to borrow $2,000 from his uncle. He has an option to repay the loan at the end of year 5 with 7.55% simple interest per year or with 8.4% interest per year, compounded every 6 months. What is the difference of the total interest paid o..
Barney's Liquids and Aunt Bee's Lemonade plan to expand their international partnership for the marketing and distribution of ready-to-drink tea products by adding 11 countries to their current markets. If the agreement is reached, operations are exp..
q. the federal reserve expands the money supply by 5a. use the theory of liquidity preference to illustrate the impact
Why might we not expect free trade to affect the general unemployment level in the economy, but it will affect some more than others?
Briefly discuss the impact of rational self-interest on each of the following decisions. Whether to attend college full time or enter the workforce full time.
Movies are distributed in a variety of forms, not just first run theatrical presentations. What other ways are movies distributed? What are the different price points
The FOMC wants to expand the money supply by $120 million and decides to buy bonds on the open market. Suppose the reserve requirement is 40% and banks do not hold any excess reserves.
Promoters of a major college basketball tournament estimate that the demand for tickets on the part of adults is given by Qad = 5,000 ? 10P, and that the demand for tickets on the part of students is given by Qst= 10,000 ? 100P. The promoters wish to..
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