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1. Explain three possible profit-maximizing positions of perfectly competitive firms in the short run.
2. Describe the nature of the goods produced by a monopolistically competitive firm.
Imagine you've started a new pizza restaurant. It costs you about $3 to produce a pizza.
Which of the following is not an accurate description of what can cause inflation?
Considering that labor standards in Sweden are higher than those in Pakistan, what are the advantages and disadvantages of this requirement?
Please discuss the current state of the macroeconomy in Canada. In particular please discuss the growth rates and gross domestic product.
You are in charge of recruitment. One of the managers in the organisation has asked you to recruit a new employee for their department.
Say 20 people each have demand Q = 20 – P for street lights and 5 people have the demand Q = 18 – 2P for street lights. The cost of providing a street light is 10. If it is impossible to provide a fractional number of street lights, how many street l..
Indicate profit- maximizing level of output. If the price was $3 and fixed costs were $5, what would vaiable cost be? At what level of output would the firm produce?
Canada trades with the United States. Explain the effect of each of the following events on Canada's aggregate demand.
The installed cost of a conventional electric hot water heater is $200. A family of four uses an average of 300 liters of hot water a day, which will require $350 worth of electricity each year.
Consider what causes the lags in the effect of monetary and fiscal policy on aggregate demand. What are the implications of these lags for the debate.
Assume the ratio of the value of imported input to the value of the finished good is 0.76 and the nominal tariff rate
If the EU and the United States continue to trade what do you think will characterize goods which the EU exports to the United States and the goods that the United States exports to the EU.
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