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Assume a perfectly competitive firm's short-run cost is TC = 120 + 160Q + 3Q2. If the market price is $196, what should it do? Explain your answer, if continue then how much is to produce; state profit level in each decision it makes.
show the impact of your deposit on the bank's assets and liabilities. If the required reserve ratio is 10 percent, illustrate what is the maximum amount the bank can loan from this deposit.
Why might the U.S. have a comparative advantage in bioinformatics but not in manufacturing and steel making.
Rise in the price reduce the quantity demanded, assuming price elasticity remains constant along the demand curve.
A industry is currently operating where the MC of the last unit produced = $84, and the MR of this unit = $70. What would you advise this firm to do.
Elucidate how each of the following people would talk about scarcity and trade offs.
Does the widget production function exhibit constant, increasing or decreasing returns to scale.
Illustrate what are the major similarities also differences among the name-your-own-cost model also the electronic tendering system.
Illustrate what is the difference between the firm's short-run supply curve and its long-run supply curve? Make up an actual example to explain your answer.
Do economic events affect presidential elections. to test this so -called political business cycle theory. Elucidate what is the expected sign of X.
Could a service industry utilize production line approach or self-serve design also still keeps a high customer focus
Illustrate what is the relation between marginal benefit and marginal cost at this level of the control variable.
Describe some forms of private spending which represent consumption some forms which represent investment.
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