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Q. What is the supply function for a perfectly competitive industry with constant returns to scale? Consequently, what will be the equilibrium price and equilibrium profits for this industry?
Q. if demand decreases for a good. what effect will it have on a substitute good in repect to land that grows the good for which demand dropped
Is this commitment irreversible. Analyze Fiat's entry in term of Ghemawat's framework for analyzing commitment.
You only buy apples and bananas. Your budget is such that you can purchase 3 apples and 4 bananas or 9 apples and 2 bananas. Write the equation for the budget line with bananas on the y-axis. Is that equation unique.
Should the airline replace its night flight from LA with a morning flight as well as should the airline remain in business.
Explain how did racism affect foreign affairs and discuss how the United States viewed some groups and the influence of the military abroad.
Explain how much shelter can she buy if she purchases 2 units of food.
Illustrate what is the profit maximizing price of carpets. Illustrate what is the profit maximizing price of carpets.
We have spent so much on our present office that we cannot afford to waste this money by moving now." Estimate the second partner's advice not to move downtown.
Winston Churchill once thought that democracy is the nastiest form of government except for all others.
Explain how you think these trends have affected our overall economic well-being (think unemployment, wage rates, etc.) in recent years.
Elucidate the aggregate expenditure function graphically, labeling your graph with the appropriate numerical values.
Elucidate however, you do not have to start making payments until you graduate from college 2 years from now.
Illustrate what would happen to the profits CPI makes via their toothpaste division.
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