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A Assumimg a firm is operating under perfect competion with many producers and buyers fot its product, when should it consider shutting down in the long run? Justify your answer
B Assuming that a firm is operating under monopolistic competition with many producers and buyers for its product, under what conditions will that firm achive profit-maximization. Justify your answer.
Once the economy reaches its potential output level, and the AD Curve, the SAS Curve, and the LAS Curve are all intersecting at the same point:
Karl values Word at $100 and Excel at $40, and Adam values Word at $20 and Excel at $90. If the programs are sold separately, what are the profit-maximizing prices? Adults have more money than teenagers and perhaps more inelastic demand for video gam..
What does it mean to be two standard deviations above or below the mean?
Firms can shift their marginal cost curves to the right, resulting in higher outputs at the same or lower maximum-profit prices. This can be done by
Show that P(A[triangle]B) = P(A) + P(B) - 2P(A[interaction]B) directly using the axioms of probability.
You are concerned about the damage that automobile pollution is causing our nation’s environment and are interested in the effect that gasoline prices have upon gasoline consumption. Specify your economic model as well as your econometric model of ga..
An increase in the aggregate demand for goods and services has a larger impact on output ________ and a larger impact on the price level ________.
Consider a single price monopolist that faces the following demand curve: p=150-Q. The total cost curve for this monopolist is given by the following: TC=100+10Q+Q2.
Explain these four sources of unemployment and explain how each contributes to the current unemployment problem facing the US.
There is no per-unit subsidy, s, of the 2-?rm Stackelberg follower that would end up having the leader and follower be equal in size.Assume p(Q) = a - bQ, and that both ?rms face constant marginal cost of production and no ?xed costs.
compute the price elasticity of demand between successive points. Which price maximizes publisher's revenues. Calculate and explain.
You are the project manager for your organization and you're working with your project team and stakeholders to develop the risk management plan. According to the PMBOK Guide, what is the only output of the project's risk management planning proce..
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