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1) What is the relationship between economies of scale and a natural monopoly?
2) Why is the level of output at which marginal revenue equals marginal cost the profit-maximizing output?
Monopoly, monopolistic competition, pure competition, oligopoly. Give examples of these things also how do they impact markets, firms and you, as a consumer and/or as a business person.
Explain what are two initial responsibilities of the financial manager. From the Internet what are two additional ideas about the other activities that financial managers are involved in on a day-to-day basis.
How should the federal reserve react if they desire to bring inflation down to 3%. When will they achieve that goal?
Determine the total consumer surplus and the total producer surplus; Label these areas on your Graph.
The price level in the economy in 2007 and 2008 rose from 100 to 105. In 2008 and 2009, the price level increase from 105 to 110.25. How does the short-run Phillips curve forecast the unemployment rate will change as a result?
When an incumbent maintains a price below the monopoly price in order to prevent entry. The act of charging a low price initially upon entering a market to gain market share.
Since November 2011, the Reserve Bank has lowered the cash rate on eight separate occasions from 4.75% to 2.5%. Clearly, the Bank has become far less concerned about inflation and is giving a much greater emphasis to unemployment in its policy reacti..
Explain why the general level of incomes is high in the united states also other industrially advanced.
If David's only illness this year results in an appendectomy, explain how many days will he choose to stay in the hospital.
Using two-stage least squares, estimate the demand equation in GRETL. Using two-stage least squares, estimate the supply equation in GRETL.
What are the potential implications of globalization without consideration of cultural differences on ethical issues? Cite specific examples.
Derive the short run total cost, short run average cost also short run marginal cost as functions of output q.
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