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3. Analyse the two following situations for forms in competitive markets: a) suppose tha TC =100 +15Q, where TC is total cost and Q is the quantity produced. What is the minimum price necessary for this fi to produce any output in the short run?
Suppose that MC=4Q, where MC is marginal cost. The perfectly competitive form maximizes profits by producing 10 units of output. At what price does it sell these units?
Consider the subsequent cost relationships for a single-product Is there a minimum efficient scale of plant implied by these cost relationships
How would Keynesian solve a recessionary gap using personal tax rates.
What are the major institutional changes that take place with economic development? Are these institutional changes causes or mere correlations of growth? Or is growth a cause of institutional change?
If both manufacturers offer the same value, then 50 customers buy from each manufacturer. Find all symmetric Nash equilibria.
Explain underlying basis for foreign direct investment and discuss several factors that may contribute to it. What factors have likely contributed to current U.S. net direct investment position.
Sketch a graph which shows the lost gains from trade that result from having a monopoly.
Consider an organization where you work, or one with which you are familiar. What is an issue within the organization that could benefit from applying ethical principles? How can these principles be used?
corporate profitability declined by 20 percent from 2008 to 2009. what performance percentage would you use to trigger executive bonuses for that year? why? what issues would arise with hiring and retaining the best manager?
Describe return to an investment in a college education. How would you go about measuring it. How would you decide it is good enough to warrant investment.
Illustrate what entity establishes a cost ceiling and does it require government sanction for violators. Will it result in a surplus or a shortage.
Report demand graphic as well as independent variables that are relevant to absolute a demand analysis providing a rationale for the selection of the variables.
Compare murder rates with and without death penalty. Cross-section of states: is murder rate higher on average in states without executions.
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