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Q. Your initial answer to each question should be at least 100 words in length.
1. Describe an industry that would meet conditions of a perfectly competitive industry and how individual firms would respond to an increasing market demand for product.
2. When developing short-run cost curves, it is assumed that all firms in perfect competition have same cost curves and y all make identical short-run profits or losses. Contrast this to real world and why individual firms might experience different cost curves and different profits.
Assume the demand function for good X is Qd = 600 - 2PX + 7PR, illustrate what is the demand function for good x. Which investment produces a $40 daily profit for a game shop earning $2 profit from every game sold.
One of the three ADM executives was actually an informant who tipped off the Feds about this conspiracy. Which executive was he. Why did he rat out his co-workers.
Barb also Jim run a business which sets up also tests computers. Assume which Barb also Jim can switch between settings up also testing computers at a constant rate
M is the average income in the United States. What could be the impact on your rm.
Why do monopolistic competitors have a tendency to advertise much more than perfectly competitive firms?
Suppose that there is a unit mass of consumers who are uniformly distributed on the segment[0,1]. Two firms are located on the line and sell identical products.
Bank of Maryland is concerned about the potential for losses as it has been advised that the spot rate in 60 days can vary
What must the CFO expect about the Australian Dollar/US$ exchange rate 1 year from now if she chooses to invest in the US $ CD's instead of the Australian CD's.
Use Appendix A at the back of the text to show the compound annual rate of growth in earnings (n=4).
You will need to determine how you will measure strict gun control laws for the states and to define what types of crimes will make up the crime rate.
A car manufacturer claims that its vehicles average at least 25 miles per gallon.
Describe the determinants of varying levels of income. What factors determine a wages of a person
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