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a manufacturer of electronics products is considering entering the telephone equipment business. It estimates that if it were to begin making wireless telephones, its short-run cost functions would be as follows. Suppose the average whole price of a wireless phone is curently $50. Do you think this company should enter the market?
What are the effects of capital formation by comparing the ppf,at the present time and ten years in the future,for two economies,one with a high and the other with alow rateof capital formation.
Given the demand and cost conditions, what price, output and profits result in the short run? What will happen as the firm moves from the short to the long run
Explain how will this combined tax-transfer policy affect aggregate demand at current prices.
Calculate the total differential of Q. For the next three questions the answer should be a number is the other good a complementary good or a substitute good also Explain why.
Calculate the initial level of output per person, the growth rate of output per person also the level of output per person after 100 years.
Use the orange points square symbol on the graph below to plot the short-run industry supply curve for the wheat industry.
find out the annual prices of oil for the past 5 years. By what percentage is the current price higher or lower than 5 years ago.
Suppose, on the other hand, that the second country retaliates with an export subsidy of its own.
Give an example of a product you consume for which your marginal utility increases with the amount of your consumption
Find out the equilibrium level of GDP. Next Find out the multiplier for government purchases also fixed taxes.
Elucidate how much labor should the firm employ. What is the resulting output and profit.
According to comparative advantage, in which industries would you recommend the country to specialize. Has the country specialized in your suggested industries.
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