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Q. Explain why an industry in a perfectly competitive marketplace would choose to remain in business, if its profit is zero at equilibrium. Illustrate any theories or concepts you decide to utilize to answer this question with numerical examples.
Q. In the long run, a perfectly competitive marketplace will exhibit a. zero producer surplus b. zero consumer surplus c. positive economic profit d. allocative also productive efficiency e. allocative but not productive efficiency
Brinley puts on an art show in a public space asking for donations base on how much people enjoy his work.
If the Boca Raton Company has only one rival also if its rival too makes such a declaration does this change payoff matrix? If so, in illustrate what way.
At Illustrate what value would the minimum wage have to be set so to the firm would make zero economic profit from employing an additional low-skilled worker to clear woodland.
Michael spends $10 a month on both Pez dispensers and Superman action. His marginal-utility-to-price ratio for the Pez dispensers is 40.
Illustrate what difference will it make to Sony pricing if clients have now become dissimilar?
Illustrate what is the lowland of far southeastern India that borders the Indian Ocean also contains the city of madras.
Illustrate what real world factors may affect the stability of our banking system also Illustrate what might Americans do to better understand the importance of this banking sector.
To find and explain the Nash equilibria of a widespread form game can I use the equivalent normal form game to do that.
Calculate the total fixed costs, total variable costs, average fixed costs, average variable costs, average total costs, as well as marginal costs.
An intraocular lens manufacturing is in the qualification process of a polishing machine.
Explain the relationship among the bowed out shape of the production possibilities frontier and the increasing opportunity cost of a good as more of it is produced.
Where there currently is a tariff. What is the effect of this tariff on the U.S. economy.
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