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Explain the differences and/or similarities between firms in pure competition market structures and firms in monopolistic competition market structure:
a) How do firms in each market structure decide on output level and price?
explain whether the following scenarios shift the aggregate supply or aggregate demand curves. Illustrate what happens by using a graph. Finally, state in what direction the price level and the quantity move. a.) Households decide to save a l..
At a product price of $56, will this company produce in the short run explain why or why not? If it is preferable to produce, what will be the profit-maximizing or loss minimizing output
Illustrate what price per ride must the public transportation authority charge to eliminate the deficit if it cannot reduce costs.
Elucidate what impact will an unanticipated increase in the money supply have on the real interest rate, real output, and employment in the short run.
Provide an update on the economy-where is unemployment, what is the outlook for the deficit, what are the overall predictions for 2010 - 2012?
Explain why do economists attempting to forecast short run future changes in real GDP and employment look closely at data on business inventories and unfilled orders.
What are real-world examples of government intervention taxation and regulations? What are the goals of each?
The soccer league in 1 community has 5 teams. You are required to predict, in order, the top 3 teams at the end of the season. Ignoring the possibility of ties, calculate the number of different predictions you could make.
Explain why, For a country having full employment of its resources, an increase in production of public sector goods can only be possible when there is reduction in production of say, consumer goods onlike for an economy undergoing recession
As the number receiving the bonus vary from year to year due to the state of the economy.
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..
Assume you are asked to do market analysis in an area in which a natural disaster has recently occurred. For example, Nashville after Spring floods or New Orleans after Hurricane Katrina.
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