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In a competitive business environment, firms are said to break-even in the long-run. What does this exactly mean, and why does it happen? In answering this question, differentiate specifically between the short-run and the long-run. Does this long-run break-even outcome apply to all market structures, and why?
With reference to output and substitution effects, explain why and how an increase in the wage rate of autoworkers willgenerate a negative employment response in the long run than in theshort run. Assume no changes in prices on non labour input and a..
Assuming that your interest rate, i, is equal to 14% annually, what would be your maximum offer (purchase price) on this machine?
Joseph can initially produce 10 pizzas or 5 cakes. After some training from a pizza-making expert, his opportunity cost of making. (a) cakes will remain unchanged (b) 1 cake will become less than 2 pizzas (c) 1 cake will become equal to 1 pizza (d) 1..
An engineering company has determined that $100,000 per year will be needed to maintain a new bridge. How much money is needed in a fund today to maintain the bridge indefinitely if the interest rate is 4.5%?
Question One: Since we have so many different ways to produce a forensically sound image, why do you think we need more than one? Is there some advantage of one over another?
If the housing market improves, what should happen to interest rates? Why? A decrease in employment will most likely cause interest rates to ______. Why? How would the reduction in Japan's rates impact interest rates in the United States?
Why do we use present value calculations when analyzing policies that have costs and benefits that play out over time? Why is the choice of discount rate so important?
A nation can achieve higher economic growth if:
Suppose the production function for a firm is given by: q=4L0.5K0.25. In the short run, the firm has 16 unitsof capital.
Explain why so many stores, both online and offline, have such large "after Christmas sales." In addition, explain the recent phenomenon of giving gift cards as presents.
What percentage of the total variation in the number of calls is explained by the regression model.
Why the use of Nash equilibrium is a solution concept in games? Please give me an detailed explain.
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