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A firm sells its product in a perfectly competitive market where other firms charge a price of $110 per unit. The firm's total costs are C(Q) = 60 + 14Q + 2Q2.
a. How much output should the firm produce in the short run?
b. What price should the firm charge in the short run?
c. What are the firm's short-run profits?
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If a bank becomes worried about the future, it may decide to increase the level of excess reserves it holds in hopes of avoiding a trip to the Fed's discount window. If a large number of banks increase their excess reserve ratio, or the share of tota..
Why is the multiplier for contractionary fiscal policy smaller in an open? economy?
Patient volumes for a radiology clinic are observed to have the following time-series data: Monday = 25, Tuesday = 28, Wednesday = 32, Thursday =26, and Friday= 30. Using a 5-day moving average and ignoring weekend volumes, what is the projection for..
Suppose that during the past year, the price of a laptop computer rose from $2,100 to $2,550. During the same time period, consumer sales decreased from 470,000 to 363,000 laptops.
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