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Q1. Firms with costs C = q^2 + 36 face demand P = 24 - nq and behave under the rules of Monopolistic Competition. Compute and illustrate the prices and quantities that occur in the short run, with one monopolist, and in the long run, where entry has occurred. Illustrate, calculate and explain how the efficiency loss is affected by this entry.
Q2. Suppose that CA-Gyros Technology hired an engineer from Hong Kong in the year 2007, and paid her $100,000 salary in 2007. Give a detailed explanation about how the engineer's income generation as described above affects GDP and GNP of U.S.
What is the new equilibrium price and output in the short run for both the industry and each firm.
How can two countries both be better off as a result of trade? How can tariffs protect U.S. jobs? Do tariffs lead to a net increase in jobs?
A large school of sharks is reportedly seen by beach-goers at the beaches of Melbourne.
The constant rate no before the one child policy; after the introduction population growth drops to the constant rate n1 analyze the effect of this policy.
In 2012, Balnur taught music and earned $20,000. She also earned $4,000 by renting out her basement. On January 1, 2013, she quit teaching, stopped renting out her basement, and began to use it as the office for her new Web site design business.
A Fenway park, home of the Boston Red Sox, seating is limited to 39.000. Hence, the number of tickets issued is fixed at that figure. Seeing a golden opportunity to raise revenue.
Why do proponents of active policy recommend government intervention to close an expansionary gap. Some economists argue that only unanticipated increases in the money.
Assuming migration is unimpeded and costless, which of the following statements is most accurate about the effect of immigration on wages in both the origin and destination nations?
Calculate the Golden Rule level of capital per effective worker and the saving rate associate with this steady state.
Discuss in detail, the impact that currency movements are having on the economic data that you are collecting in Part A.
Explain an economy is initially in equilibrium at the natural level. The central bank increases the money supply.
Who has the comparative advantage in what product. Once they specialize, how much does output increase. What are the terms of trade if the United States trades 1 can of soda for 5 units of clothing.
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