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So the demand curve is P = 200 - 3Q with a long run marginal cost of production is constant and equal to $20. What would be the consumer surplus if it was perfectly completive market? Whats the Dead weight loss if the market is a monopoly?
Write down the different costs associated with putting on an NFL game. Classify these costs as either fixed costs or variable costs. Assume that a single playing season constitutes the short run.
Suppose a private closed economy has an MPC of .8 and a current equilibrium GDP of $7400 billion. What is the multiplier in this economy? Now suppose the economy opens up trade with the rest of the world and experiences net exports of $20 billion. Wh..
Assume that demand for a commodity is represented by the equation P = 10 – 0.2 Q d, and supply by the equation P = 2 + 0.2 Qs where Qd and Q s are quantity demanded and quantity supplied, respectively, and P is the Price. Use the equilibrium conditio..
which planet has the comparative advantage in coffee? in fried chicken?
Which of the following is not one of the long-run consequences of large sustained budget deficits?
What is the short run average cost of producing 20,000 units?
OPEC successfully raised the world price of oil in the 1970s and early 1980s, primarily due to:
For retirement planning, you decided to deposit $1,000 per month and increase your deposit by $100 per month. How much will you have at the end of 10 years if the bank pays 3% annually, compounded monthly?
According to the Coase Theorem, the rancher should not care whether the farmer or the rancher owns the lake. Explain why for your answer.
Suppose that people expect inflation to equal 3 percent, but in fact, prices rise by 1 percent. Describe how this unexpectedly low inflation rate would help or hurt the following: homeowner with a fixed- rate mortgage. a union worker in the second ye..
The market demand for another product you are considering selling is Q(p) = 100 ? (1)p and as the 2. only producer of this product your production costs would be C(Q) = 40Q. What is the market price elasticity of demand at the optimal quantity?
Discuss the following statements then respond to at least two of your classmates’ postings. Define the Four Stages of the Negotiation Process and discuss what changes have taken place in the negotiation tactics since the 1950s. Explain why the Best A..
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