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Problem
In both perfectly competitive and monopolistically competitive markets, when firms are making positive economic profits, other firms will enter until price equals ATC and profits are zero. Despite these similarities, in a perfectly competitive market total surplus is maximized, while in a monopolistically competitive market surplus is not maximized. Explain this difference.
Compare the movement from b to c and from e to f. What do you notice about opportunity cost? Explain and how can an economy achieve points that are outside the production possibilities curve?
Conduct a strategic audit on External environment, Evaluation and Control Processes and Recommendations and implementation costs
There are two mutually exclusive proposals for a for a flood control project in Illinois. The first proposal involves an initial outlay of $1,350,000.
A Pentsys lift table equipped with a powered deck extension can provide a safer and faster method for maintenance personnel to service large machinery. If labor savings are estimated to be $13,000 per 6 months, how much can Follansbee Steel afford..
When the firm cuts the price from $5.00 to $4.75 to sell the eleventh unit, what area in the graph denotes the output effect, and what is the dollar value of the output effect? What area in the graph denotes the price effect, and what is the dolla..
Explain the importance of the market for loanable funds and the market for foreign-currency exchange to the achievement of the strategic plan.
Describe the Bond Supply Shifters, namely, Expected profitability of investment opportunities, Expected Inflation, Government Activities.
Unemployment in the labor market is increased by forces that keep wages from falling to the equilibrium level. Other than efficiency wages, unionism, and minimum wages, what other factors might cause this wage stickiness?
Suppose the unemployment rate is very low. How easy is it for firms to find workers to hire? How easy is it for workers to find jobs? What do your answers imply about the rela- tive bargaining power of workers and firms when the un- employment rat..
Suppose the Council of Economic Advisors (CEA) hired you as an Economist (Economic consultant). The head of the council tells that she believes the current unemployment rate of 9% is too high. They would like to increase real aggregate output (RGDP).
what is foreign aid and what is the goal of foreign aid? does foreign aid promote economic development? explain
Some organizational structures are considered to be "project-driven." Define what is meant by "project-driven." Which organizational forms described in this chapter would fall under your definition?
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