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Suppose a representative firm in a perfectly competitive market has short-run total costs of TC = q2-50q+1000.
a. Find the representative firm’s short-run supply curve.
b. Find the market supply curve if there are 350 firms in the industry..
Edmund has the utility function U(x, y) = 2xy + 1. The prices of x and y are both $1 and Edmund has an income of $20. How much of each good will he demand? A tax is placed on x so that it now costs Edmund $2 while his income and the price of y stay t..
Using the fundamental equations from the simple monetary approach, describe how each of the following will affect the home and foreign price level, real money balances, and the exchange rate, EH/F . Also, state whether the home currency appreciates o..
Insurance agents receive a commission on the policies they sell.
Is it necessary to register a trademark? What are the benefits to registering a trademark? What distinguishes a trademark from another symbol or group of words?
Develop a marketing plan using the 4Ps that addresses
For a profit maximizing monopolist, _____. In contrast, for a profit maximizing perfectly competitive firm, _________.
What are the ethical questions raised by cloning? Is there any moral difference between applying genetic engineering technologies to humans and applying them to animals and plants? What role should governments play in making policies regarding ethica..
Aggregate demand and aggregate demand curve. The three reasons that explain the downward slope nature of the AD curve. Please list some factors that shift the AD curve to the right or left. Please explain why the SRAS curve is upward sloped and LRAS ..
1. two investments have the following expected returns net present values and standard deviation of returnsproject
The government decreases current taxes, while holding government spending in the present and the future constant.
The name of the government agency that insures commercial bank deposits is the:
If countries can benefit by increasing their consumption possibilities through trade, why do so many countries place restrictions on trade?
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