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What are the differences between the long run equilibrium of a perfectly competitive firm and the long run equilibrium of a monopolistically competitive firm? Which is more efficient?
Suppose that a manufacturer is a monopolist in selling some product to a number of competitive retailers at wholesale price w. The manufacturer has marginal cost of $10 per unit. Each retailer pays w to the manufacturer and charges p for each unit it..
Contractionary monetary policy causes. Which of the following would cause the short run aggregate supply curve to shift to the? right?
Individuals are often classified as being morbidly obese if they are 100 pounds overweight. Imagine that the population proportion of morbidly obese individuals in the country as a whole is 1.5%. Calculate a 93% confidence interval for sample proport..
When the demand curve and the supply curve both shift rightward at the same time (and that's the only information we have about this change) we can say that
You have just graduated from college and received a job offer from a local company as a project engineer. The job pays an annual base salary of $55,000, which is paid at the end of every year. In addition, the company offers you an immediate bonus of..
Because their countries have similar institutions, the price paid for a computer in Germany and the United States are about the same when converted into the same currency.
Can you relate the Classical and/or Keynesian macroeconomic models to assumptions about economic behaviors and to economics policies being implemented in the U.S. economy today? Is there anything that you've learned studying these models that gives y..
Suppose that changes in technology cause individuals to demand lower money balances for every nominal interest rate. Suppose the Fed does not adjust the money supply in response. Investigating first the money market and then tracing the effects to th..
Evaluate the idea of a city as an ecosystem. In what ways is a city like an ecosystem? In what ways is it different?
During the first 13 weeks of the t.v season the Saturday evening 8:00pm-9:00pm audience proportions were recorded as ABC 29% CBS 28% NBC 25% and independents 18%. a sample of 300 homes two weeks after Saturday night schedule revision yielded the foll..
the data contains the price of new and used taurus sedans. all prices for used cars are from 1995. for example a new
In autarky, Jackson produces and consumes 30 units of cattle and 80 units of wheat, while Tahoe produces and consumes 80 units of cattle and 60 units of wheat. Based on this information.
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