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Question: 1. Draw a short run firm and industry competitive equilibriums for a perfectly competitive gator farming industry before the number of alligators farms in Fl. doubled. For simplicity assume the gator farm is earning zero economic profit. Then show the short run effect of an increase in demand for alligators.
2. Assuming gator farming is perfectly competitive explain the long run competitive equilibrium condition for the typical gator farmer and the industry as a whole.
What new measures and tools has the Federal Reserve employed in the past 2 years that have not been employed in the past 2 decades?
Using demand and supply graphs illustrate and explain the effect of the following events on the market for solar panels (assume ceteris paribus).
What are excess reserves? Why would banks keep them? How do banks current holdings of excess reserves compare to what they have historically held? Why?
Monopoly manager has the demand and cost functiones as P=200-2Q and C(q)=2000+3Q2
Visit the Fed's Summary of Commentary on Current Economic Conditions, also known as the Beige Book. Prepare a proposal recommending monetary policy actions.
firms can operate in one or more markets and not always on the same side of the market. general motors is a buyer in
Consider a production function of two inputs, labor and capital, given by Q=( L^1/2+ k^1/2 )^2 The marginal products associated with this production function are as follows:MPL=[L^1/2+K^1/2]*L^(-1/2)MPK=[L^1/2+ K^1/2]*k^(-1/2)Let w =2 and r = 1.
Short-run cost function - Which of the is not an assumption of the linear breakeven model - the breakeven sales volume (in dollars) can be found by multiplying the breakeven sales volume
At the time this book went to print, the minimum wage was $5.85. To find the current value of the CPI, go to Click on Consumer Price Index-All Urban Consumers (Current Series) and select U.S. All items. This will give you the CPI from 1913 to the pre..
Prepare a graph showing Average Fixed Costs and Average Variable Costs.
Assume that investments in capacity continuously reduce the incumbent's marginal cost. What happens to the incumbent's incentive to overinvest in capacity?
When negative or positive externalities exist economists say that market has unsuccessful to make the right amount of the good at the right price. What do economists mean through this?
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