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Please show work, steps taken, and explain how the answer was found.
Now let’s say that there are 100 firms in a (perfectly competitive) market each with an inverse short-run supply curve of P = 2q+10. If the market demand curve equals Q=1000 - 25P, what is equilibrium price and quantity, and how much does each individual firm produce in equilibrium?
Identify three types of competition that most firms encounter other than competition from other firms in their industry in their home country.
Y at PPP is only 0.05. It is well-known that investment rate dierenHSL39502.bmpe when measured at a common set of prices while very small when measured at domestic prices.
Swim Lane Diagram
All else equal, what is short-run effect of an increasing US output Y on US interest rate. All else equal, what is short-run effect of an increasing US prices P on US interest rate.
Consider and economy with two consumers, Jeff and Jay, and producing two goods, wine and cheese. Illustrate using an Edge worth Box diagram and a production possibilities frontier together, both efficiency in exchange and efficiency in production. Id..
Discuss any problems associated with using majority voting to determine the optimal level of a public good.
Thoreau has preferences for consumption goods (C) and time spent on leisure (L). The utility function is u(C, L) = CL. The household also has a home production technology summarized by a production function. How much time will Thoreau spend in leisur..
The aggregate expenditure measure of GDP came from
If the average level of consumer surplus for each hotel guest equals $24, illustrate what is the total consumer surplus per night.
According to Keynes, why might deflation create problems for an economy?
What is the maximum amount of good Y that can be purchased if X and Y are the only two goods available, and individual income is $600, Px=15 Py=10, and they are already purchase 30 units of good X?
You are a manager in charge of monitoring cash flow at a company that makes photography equipment. Traditional photography equipment comprises 40 percent of your revenues, which grow about 2 percent annually. If the own price elasticity of demand for..
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