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What relationship, if any, exists between a firm’s market share to their average costs in a competitive market? Why might firms with cost advantage not expand indefinitely?
during his first year at school, ximin buys eight new college textbooks at a cost of $50 each. Used books cost $30 each. Is ximing better off, the same, or worse off after the price change.
Provide a detailed description of the issues that you have researched. Analyze the most significant economic effects of the researched issues on healthcare industry. Provide at least two (2) examples of these issues to support your response. Suggest ..
Suppose a monopolist has zero marginal cost and faces the following demand curve: Graph the demand curve, the marginal revenue curve, and the rm's marginal cost curve. Calculate the monopolist's price and output if she cannot engage in any type of pr..
As the price level rises
Zamen is a small country located in the midst of the Atlantic Ocean. It is completely isolated: no one goes there, no one leaves. One half of Zamen’s working age population is unemployed. What are the short run effects of Zamen’s sweater export on th..
The financial department of Delphi Consolidated Industries (DCI) is just starting a two-week retreat in the Canadian wilderness. The president of DCI has been approached by an investment banker who has acquired $1,000,000 in DCI bonds in one of his d..
You are advising a software firm on developing appropriate disclosure policies. You spend some time analyzing the past data that the firm has made available to you and come up with the following numbers for a typical software product.
Explain what occurs when a new technology makes another one obsolete in terms of economic profit.
Construct a PPF for a country that produces food and video games and faces increasing opportunity costs. Show how the PPF changes given the following events.
You are buying a house for $300,000. The terms of the mortgage include a 30-year loan (fixed rate) and annual interest rate of 4.5%, compounded monthly, and a 20% cash down payment is required. What are your monthly payments on this loan?
Suppose there is an options market in S02 permits, where each permit entitles one ton of S02 emissions. Suppose that running a scrubber costs $65 per year per ton of S02 removed, has a capital cost of $30,000,000, and an expected life of five year..
Suppose GDP equals $9 trillion, consumption share is 6.3 and the government expenditure share is 1.8 suppose this economy has a budget surplus of $800 billion, taxes are 2.6, public savings is .8, private savings is .1 and national savings is .9 If t..
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