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A monopolistically competitive sneaker firm is currently in long run equilibrium.
Graph the firm in long run equilibrium. Be sure to label all of the curves and the profit-maximizing price and quantity.
The price of rubber decreases. Rubber is a major component in the production of sneakers. Draw a new graph that shows the change in the profit maximizing price and quantity of sneakers. Be sure to shade the area of loss or profit.
A perfectly competitive potato farm is currently in long run equilibrium.
Graph the firm in long run equilibrium. Be sure to label all of the curves and the profit maximizing price and quantity.
The demand for potatoes increases. Draw a new graph that shows the impact on an individual firm. Be sure to shade the area of loss or profit.
Draw a new graph that shows how the firm and the industry adjusts to a new long run equilibrium.
How did the price and quantity in part A change in Part C? Explain your response.
question 1californian almond orchands are using approximately one million bee hives each spring to pollinate the almond
Suppose that $2700 is set aside each year and invested in a savings account that pays 10% interest per year, compounded continuously. Determine the accumulated savings in this account at the end of year 24.
Prepare a memorandum to the client, recommending a type of business entity, including an appendix of supporting IRS tax schedules and forms.
The town of Lookout Mountain, Georgia, had become a desirable place to live, and property owners were subdividing some of their land within the city limits.
Suppose that a pharmaceutical company's costs include factory workers' wages, researchers' salaries, chemicals, warehouses, and paper and plastic packaging.
With use of a graph,explain how these two programs affect cigarette consumption and explain the combined effect of these two programs on the price of cigarettes.
Does the ability to move first give the employer an advantage? If so, how? As the employee, is there anything you could do to realize a higher payoff?
What are the risks involved in engaging external stakeholders in co- creation? What are the cultural changes necessary to make co-creation work?
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At the end of the term, college's bookstore often increases the price offered to students for their used textbooks in order to stock their shelves.
How many shoes and jeans will she buy? What is her maximum utility? Please explain to what effect (income, substitution or both) do you attribute the change in her utility levels between part (2) and (3).
Under the new regime to end welfare, all these people are hired by the government to perform various tasks, such as serving lunch in the Congressional dining.
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