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Draw a diagram depicting a firm in a monopolistically competitive market that is making profits. Now show what happens to this firm as new firms enter the industry.
Draw a diagram of the long-run equilibrium in a monopolistically competitive market. How is price related to average total cost? How is price related to marginal cost?
What is the importance of freedom of entry and exit to the long-run outcome in a monopolistically competitive market?
(Hint: Please explain this in relation to the diagram you have drawn, giving appropriate examples if necessary.)
If the size of the expenditure multiplier is a = 2, show the effect of an increase in government purchases by DG = 200 on income and the interest rate.
What is the graph of the production possibilities frontiers for the American and Japanese economies if American worker can produce 10 tons of grain a year and Japanese worker can produce 5 tons a year?
Will the currect accounts balance in 2011 put downward (depreciating) or upward (appreciating) pressure on our currency exchange rate - overvalued currency to an undervalued currency.
Is there sufficient evidence to indicate a difference in the average starting salaries of assistant professors at the three types of doctoral-granting institutions? Use the table in the text to bound the p-value.
explain how payoff matrices used in game theory illustrate mutual interdependence among firms in oligopolies. how can
for this assignment you are to continue using the same fortune 500 company you selected in unit 4. the focus here is on
Suppose we have a duopoly in the production of mineral spring water. Each firm has the same cost structure where MC(Q) = 10. The market demand for mineral spring water is given by:
Make a table showing the marginal cost of paper cup productions. What is the minimum price necessary for company to supply one thousand cups?
Emily sold lemonade on Tuesday for $.50 a cup and she sold 100 cups. On Thursday she raised the price to $1 a cup and sold 50 cups. The demand for lemonade is
suppose that two players are playing the following game.nbsp player a can choose either top or bottom and player b can
Explain the basic ideas behind (i) employer, (ii) employee and (iii) customer discrimination. Give one example of each type of discrimination. Explain in more detail how employer and employee discrimination is likely to affect wage differentials.
How Bitcoin mining wastes vast amounts of Energy, Harms Environment, what happen in the next future. What determines bitcoin's price?
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