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In the long run, what happens to the demand curve facing a monopolistically competitive firm that is earning short-run profits? a. The demand curve will shift to the left and became more elastic. b. The demand curve will shift to the right and became more elastic. c. The demand curve will shift to the left and became less elastic. d. The demand curve will shift to the right and became less elastic.
Val-lok Industries manufactures miniature fittings and valves. The company bought a new machine with $8,000 to improve process efficiency. After 3 year useful life, it will be sold out for $2,500. Prepare a table showing the depreciation expense and ..
q1. if consumption increases by 12 billion when real disposable income increases by 15 billion what is the value of the
Researchers have found a hybrid of corn that is cheaper to grow. This technological break through
A Publishing company uses 400 printers and 200 printing presses to produce books. Elucidate how should the manager adjust input usage.
You are in the market for a stock that is currently selling at $20. You intend to sell the stock immediately after you receive a dividend payment of 20 cents per share. Moreover you believe that you can sell the stock at $21 per share. If bonds are c..
Suppose a soft-drink firm is grappling with the decision about whether or not to introduce to the market a new carbonated beverage with 25 percent real fruit juice. How might it use the six decision steps to guide its course of action?
Carborro has 3 equal sized groups of people: Type A consistently prefers more police protection to less; Type B prefers high levels of police protection to low levels and they prefer low levels to medium levels. Will majority voting generate consist..
Suppose that there are 2,300 employed people in the economy and 200 unemployed people. Suppose, further, that 23 percent of the unemployed find jobs each month and that 2 percent of the employed lose their jobs each month. Suppose that the unemployme..
Which of the following established the inverse relationship between the price of a product and the quantity of the product demanded?
Using a wholesale price of $4 per case in each state, calculate the breakeven output quantities for each alternative.
The one year interest rate over the next five years is expected to be 7%, 8%, 9%,10% and 11%. Investors preferences for holding short term bonds have the liquidity premiums for one year to five year bonds as 0%, 0.25%, 0.5%, 0.75%, and 1%, respective..
What are the four roles that states can play in negotiated global environmental regimes? What determines what role a state might play? Why do states sometimes shift roles?
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