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Q1. Suppose that a calculator company operates in a perfectly competitive marketplace producing 5,000 Calculators every day. At this output level, marginal cost exceeds the marketplace price. It follows that producing one more Calculator will cause this firm's:
Q2. The 3 demand schedules in the table below elucidate how Elucidate how many rounds of golf every year Lorena will demand at every price under 3 different scenarios. In scenario D1, Lorena's income is $50,000 every year also movies cost $9 every. In scenario D2, Lorena's income is also $50,000 every year, but the price of seeing a movie rises to $11. Also in scenario D3, Lorena's income goes up to $70,000 every year, while movies cost $11.
During a war the government puts pressure on producers for heavy equipment, supplies, and services, making each more important.
Elucidate why does the government create monopoly power via its patent system, when elsewhere it spends millions trying to prevent the emergence of or regulate monopoly power.
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Use a model of the money market to explain why changes in nominal or money GDP are associated with changes in interest rates.
In the context of share holder maximization model of a firm, what is the expected impact of each of the event on the value of the firm?
Suppose you work in a financial institution, how you would advise your clients.
If the government uses a tax to get producers to internalize their externality, what is the net price received by producers.
If ABC adds an assembly line for the product and XYZ does not follow with a competitive product.
Describe how each of these activities affects government, households, and businesses. Illustrate flow of capital starting from one entity to another for each activity.
In what industry will a given percentage increase in production workers result in the largest percentage increase in output.
Assume there is a drought that destroys a large portion of the tobacco crop. Explain what happen in the marketplace for tobacco.
What are the components of aggregate expenditure. What determines the slope of the aggregate expenditure line.
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