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1. What is the shape of the average fixed cost curve and Why?
2. What are the shapes of the average variable cost curve and the average total cost curves?
3. Why is a firm in perfect competition a price taker?
4. What is the lowest price at which a firm produces an output? Explain why?
5. How does a single-price monopoly determine the price it will charge its customers?
In what way does the Bill of Rights protect individuals' freedom to engage in business activities. it recognizes property righs or else.
A growing number of businesses' including videogame developers, cigarette companies, soft drink producers, liquor marketers, and fast food chains are feeling the heat from government, the press, and society at large for encouraging harmful consume..
oligopolynow assume that the meat-now assume that the meat-processing industry is a duopoly with two firms marions
charm city mining company owns two mines each of which produces three grades of ore- high medium and low. the company
Assume that the experts sre correct and Canada is losing its competitiveness relative to other countries. We can take strong action to reverse this trend, or we can continue on as we have been doing. Explain which course of action you favour.
The particular index that you will compare to the Thumbtack measure is Forbes-overall . You are to include your index along with the five X variables suggested by the authors of the report of the Thumbtack survey.
Monopoly Rinks is the only ice skating facility in Mapleville. The next closest rink is about 100 miles away. It has determined that its demand curve is
Illustrate graphically how the detergent cartel would set price and output and do you think this laundry detergent cartel with P&G and Lever will be stable for the next 5 years?
The aggregate demand curve slopes decrease, because when the price level is reduce, people can afford to purchase more, and aggregate demand increase.
Define marginal product, marginal revenue, value of marginal product (VMP), the marginal revenue product (MRP) of a resource and explain the relation between MRD and demand for that resource.
would you expect the price elasticity of demand to be higher at the level of an individual school or at the aggregate
maritime insurance company offers insurance policies for recreational boats. a typical policy will pay the replacement
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