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Sort the list below according to whether or not an item is an assumption made under perfect competition (aka pure competition or competitive industry).
1. Assumed in perfect competition
2. Not assumed in perfect competition
(Significant barriers to entry, a small number of producers, firm selling similar but differenciated goods, price-taking behavior)
q1. suppose that mnl logs harvested the logs in october 2011 and sold them to mnl number in december 2011. mnl number
Describe the long-term trends in inequality in the United States using the available measures. What are possible explanations for these long-term trends.
q1. when you were a child living at home your parents or guardians paid for the food utilities and clothes that you
Two consumers Jorge and Admen, together own 1,000 baseball cards and 5,000 Pokémon cards.
Suppose that two price-quantity demanded combinations for some product are ($1.20, 90 units) and ($0.80, 110 units). Using the mid points variation of the arc own price elasticity of demand formula, calculate the coefficient of elasticity for both..
Illustrate what is the size of the labor force. Illustrate what is the official unemployment rate.
The so-called theory of general equilibrium (including the many variants) is a cornerstone of economic theory, occupying economists' minds since (at least) the 1800s
the area of the coil is perpendicular to the magnetic field lines, what is the resulting average emf induced in the coil? Any help is appreciated!
how would you describe balance between costs of automation, or fixed costs and costs of labour, or variable costs. How has Internet changed balance between automation and labou.
Basil Robekins has an idea for a new type of ice cream cone made from candy bars (like Butterfinger, etc.). He thinks his normal customers will buy more often because they can pick and choose from over 31 different candy bars and won't get bored with..
When he took over the furniture factory three years ago [the manager] realized almost immediately that it was throwing away at least $100,000 a year worth of wood scrap.
Assume Caesar allocates his entire budget to the purchase of chips as well as soft drinks.
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