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Q. suppose that in a competitive market the equilibrium price is $2.50 What is marginal revenue for the last unit sold by the typical firm in this market?
Q. Suppose the short-run marginal and average variable cost curves for a perfectly competitive firm are given byMC = 20 + 40QAVC = 20 + 20Q
a. Explain how many units of output will the firm produce at a price of $100 per unit? Elucidate how you arrived at your answer and be sure to show all your calculations.
b. At what level of total fixed costs will this firm earn zero economic profit?
Barb also Jim run a business which sets up also tests computers. Assume which Barb also Jim can switch between settings up also testing computers at a constant rate
Suppose she is offered a new job that would pay her $15,000 and would bring her earnings high enough so that she no longer qualified for any welfare benefits.
when A person buys a car in a congested urban area it generates illustrate what type of externality.
A group of 20 doctors are considering forming a new medical group also has asked you to prepare a report on whether they should build a facility in an area.
then an initial increase in aggregate demand of $100 billion will eventually shift the aggregate demand curve to the right by.
If this economy were an open economy with a flexible exchange rate, would the usual crowding out forces be supplemented or offset by forces from the international sector
How an airline executive might use tourism economics relating to passengers load factors, ticket prices discounts, frequent flyers programs, joint fares, flight frequencies.
When a industry's marginal revenue product equals the income rate, marginal revenue also equals marginal cost.
You have been hired to manage a small manufacturing facility whose cost and production data.
Compare and contrast the Nielsen rating or a given episode on a TV series with the comments posted about the same show on TOP.
Listing different orderings and coalitions is not going to work for this problem because there are too many possibilities, excluding you can use different tools which we have discussed in class.
Describe the Schumpeterian notion of "creative destruction"
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