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A firm operating in a competitive market has the following total cost function: TC = 2.5Q3- 35.5Q2+ 210.5Q + 320
Find the profit maximizing level of output of this firm if the market price of this good is $165.5. What is the firm's shutdown price?
Draw Lorenz curves for 2 income distributions. Can you say which distribution is more unequal based on
Discuss how Internet security measures can actually create opportunities for criminals to steal, rather than prevent them.
In 2007 the U.S. was faced with two events. At the beginning of 2007, oil prices more than doubled. A financial crisis hit the economy starting in August 2007 causing a reduction in consumer and business spending. These events led to a rise in th..
Describe each of the following outcomes in terms of shifts in aggregate demand or aggregate supply curves.
Suppose that as the economic recovery strengthened consumer expectations of annual inflation increased from 2% to 3.5 % and, at the same time, the expected real rate of return required to equate investor demand to the existing supply of 1 year Treasu..
There are three primary methods of inducing firms to emit the optimal level of pollution: standards, taxes and transferable permits. Compare and contrast these three techniques: describe each and explain its strengths and weaknesses.
Could production and consumption take place without money
Glen spends at least 40 hours a week at his place of business. If he closed the company, he could work for his competitor earning $50,000 a year. He also owns the building the company operates in and could rent it out for $12,000 a year if he closed ..
The Delphi method used for forecasting: Obtains forecasts through a comparative analysis with a previous situation. Uses measures that are believed to influence the behavior of a variable that the researcher wishes to forecast.
assuming that overall taxes are cut by 10 percent across the board. What will this change do to disposable income, consumption, and the multiplier
The substitution bias in the customer price index refers to the:
suppose that the economy is currently at the full employment position. using the as-ad and is-lm models explain the
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