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Given below is a table with total information for a firm in a perfectly competitive industry.Quantity Total Cost0 10010 22015 30020 36025 45030 60035 77040 960
a. What is the marginal cost and average total cost for the firm at each level of output?b. If the prevailing market price is $34 per unit, how many units will be produced and sold? What are the profits per unit? What are total profits?c. Is the industry in long run equilibrium at this price? If not, what do you expect to happen to price over time?
Elucidate the elasticity of demand given the price and income combination.
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One of the major political developments of the past several decades is the growing size and economic/monetary integration of the European Union. Elucidate what effect do you think this will have on international trade between countries.
Illustrate the difference among dollarization, a currency board, and a fixed exchange rate regime. Do you know of any countries that have recently adopted dollarization.
A company analyse it has the following short-run demand. What initial price should the firm charge.
Dilomatic tensions over the war with Iraq also patriotic fervor led the state legislature in South Carolina to initiate a resolution boycotting French products.
write down the paper only to give a substantive feedback based on accounting concepts relative to price management
Illustrate what is the price elasticity of demand of a representative gasoline retailer's product.
Illustrate what rate of return will the investor receive after the effect of inflation has been accounted for.
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