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1.Consider the following demand schedule. Does it apply to a perfeclty competitive firm ?
Compute marginal and average revenue
Price
Quantity
$100
1
$95
2
88
3
80
4
70
5
55
6
40
7
22
8
2. suppose th emarginal cost of producing the good in before question is aconstant $ 10 per unit of output . what quantity of output will the firm produce
Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?
Discuss the relationship between each of the following variables based on the experience of U.S. economy over the past 30 years.
Human service interactions in terms of macro systems-communities and organizations. Empowerment is basically a process to assist people groups, families and communities, individuals, to use their strengths to overcome their challenges.
Suppose that yi receives $ 60 per day as interest on inheritance and her wage is $25 per hour, and she can work a maximum of 16 hours per day at her job. draw her daily budget constraint.
Develop an exponential smoothing forecast with smoothing constants α =0.1 and 0.3. What would be the forecast for week 11?
Discuss the advantages and/or disadvantages of distributing marketable pesticide permits to each farm operating in the watershed equal to 40% of its current level of use of that pesticide, versus simply ordering each farm to reduce pesticide use t..
What is the difference between the medium of exchange and the store of value? What is the difference between commodity money and fiat money?
According to the quantity theory of money, what is the effect of increase in quantity of money?
Consumption accounts for about 60% of GDP, while investments accounts for about 20% for GDP. But many economists think that, to understand economic recession, it is more significant to look at investment than consumption. Why?
You're the absolute czar and head of union of 1,000 plumbers in Austin, Texas. You've the absolute power to set the wage at which the plumbers will work. You wished to achieve full employment at highest possible wage; (b) you wished to maximize the..
The socio-economic shortcomings that China experienced
What were some of causes of stagflation of 1973 and 1979? In what ways were these episodes of stagflation different from great depression of the 1930s?
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