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In a competitive market, there are 8 firms, each with total cost given by: TC = Q^2 +100
a. Derive the firm’s long-run supply equation and the market supply equation.
b. Market demand is given by Q = 120 - P. Determine the equilibrium price and total output in the market. What is each firm’s output and economic profit?
c. In the long-run, is the number of firms likely to increase or to decrease?
Use a short-run Phillips curve to Explicate why the inflation rate may decrease over the course of 2009. Under Illustrate what circumstances might the inflation rate not decrease during 2009.
Elucidate how much does your service cost also can I set it up for her to use as a studying resource.
Now suppose the factory develops an innovation that allows it to produce a shirt for the equivalent of 1 loaf of bread. What is the new radius of the factory's market area.
The marginal cost of producing the 101st unit of output is $300. Illustrate what is the total cost of producing 101 units
How do you feel about the high decrease in private investment? Even if the government spends more to stimulate the economy, if the margin of disposable income is not there the ability to invest, especially for small businesses, declines.
Increase or decrease in the money supply increase the price level to the tolerable range
Elucidate how did it manifest itself. If the person received counter conditioning to correct the condition, Illustrate what were the results
Which of the following terms best describes a contract that guarantees an agent some payment, but provides enough incentive so that the agent does not shirk?
Describe the difference between average revenue and marginal revenue. Why are both of thes revenues measures important to a profit maximizing firm?
q. two equal-sized newspapers have overlap circulation of 10 10of the subscribers subscribe to both newspapers.
Which of the following is true about customers in the zone of indifference?
Demonstrate by example about production which exhibits constant returns to scale.
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