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Question: Starting from the long-run trade equilibrium in the monopolistic competition model, as illustrated in Figure, consider what happens when industry demand D increases. For instance, suppose that this is the market for cars, and lower gasoline prices generate higher demand D.
a. Redraw Figure for the Home market and show the shift in the D/NT curve and the new short-run equilibrium.
b. From the new short-run equilibrium, is there exit or entry of firms, and why?
c. Describe where the new long-run equilibrium occurs, and explain what has happened to the number of firms and the prices they charge.
You expect to rent out a vacation home on Sanibel Island for $800 a month as an investment. Upkeep is estimated at $3,000 a year. If the current market interest rate is 5 percent, you are willing to pay __________ for the house.
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ou bought the bond for $1,040, after 6 months you received a coupon of $35 and after another 6 months you received another $35 coupon and you sold the bond for $1,070.
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Pricing is one part of the value equation in developing a marketing program. Discuss the methods available to marketers for establishing a pricing strategy. Analyze why each would be selected. Use at least one resource (cited in APA format) to sup..
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Friday, the baker takes the coin to the butcher and trades it for 5 lbs. of meat. a. What are the prices of bread and meat measured in gold? b. What is GDP measured in units of gold?
The demand for shirts produced by a canadian manufacturer has been estimated to be P=30-Q/200
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