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Joe's t-shirt shop is located in a small college town. the majority of business is custom t shirts for university book stores. as a sideline, they also sell t-shirts locally. the local demand is Q=200-5P. calculate output, price, and profit under the monopoly conditions. to test other markets, they contemplate opening retail outlets in several university towns where there will be numerous competitors. calculate price and output under these perfectly competitive conditions. compare the competitive and the monopoly price and output situations loss.
Find out Trade Stats Express also find out National Trade Data. Determine the trade balance between the U.S. and China for the period of 2005-2011.
Keep in mind that the oil price is not the same as the price level in macroeconomics diagrams, even though the changes in oil price indirectly affect the general price level (such as CPI and GDPD).drawing of macroeconomic model of AD-AS behavior
Supposed that it costs $400,000 to build the new store and assume that the new store will generate revenues of $450,000. what is the rate of return on this investment.
Plot. U.K. real Output over the 42-Year peroid Put real output on the vertical axis of the graph and the year on the horizontal axis and Estimate potential output by drawing a smooth trend line through the points on the graph. identify any shifts i..
GDP growth is approximately 1.5 percent and has been at that level for two years. Inflation, as measured by both the CPI and GDP deflator has been at approximately 1-2 percent for the last two years.
You all hear on TV every day or so that the United States customers has been holding up and kept our economy going.
In article on the steel industry, The Wall Street Journal noted that as steel prices were falling, steelmakers were not cutting production
Describe briefly why time lags in discresionary fiscal policy can adversely affect the efforts.
What do you regard as the main weaknesses of the Ricardian or Classical model as an explanation of the trade patterns? Why do you regard them as weaknesses?
Acme make a decision to establish a sinking fund for its outstanding preferred stock issue. $975318642 represents the value of the issue that will be retired in 26 years
Give an example of a fairly major purchasing decision you've made in your lifetime. How did you justify the purchase.
What is the highest profit or lowest loss availability to this firm?Should this firm operate or shut down in the short run? Why? What is the relationship between marginal revenue and marginal cost as the firm increases output?
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