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Assume the hot-pretzel stand industry in Toronto is perfectly competitive and operating in long-run equilibrium. There are 1000 firms in the industry. Each firm has the usual U-shaped average-total-cost curve. The market is in long-run competitive equilibrium.
The graph also shows the marginal revenue curve faced by this firm. Hypothetical cost and revenue curves for a computer producer. Explain how many computers will the monopolist sell to maximize profits.
Select also research an industry where there has been a pattern of change in a particular market model
Explain how will the market restrain economic freedom. Explain how will society produce goods and services at lowest cost.
Illustrate what is the equilibrium price and equilibrium quantity. What would you expect to happen to price.
Suppose that the government imposed a $1 tax each time someone used an ATM.
Budget line showing the various combinations of scores on the two exams that she can achieve with a total of 400 minutes of studying.
Clearly explain the factors to consider as your "fixed factor" and alternative short term and long-term decisions. Submit your analysis in a one to three page paper.
Assume to there are two segments to the market for rental cars. The Demand for rental cars by trade travelers
Walras Equilibrium with two consumers and two commodities, given endowments and preferences for both consumers.
Hypothesize the basic short-run also long-run behaviors of the model in the industry you have chosen in a "marketplace economy."
Expectations and consumer confidence are important in determining fluctuations in aggregate spending. In your opinion, what is the present status of consumer confidence.
The review should consist of a summary of the main arguments of the article also an evaluation of the strengths also weaknesses of the article.
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