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Illustrate a firm in monopolistic competition that does not make a profit but rather a loss. Now illustrate how firm exit will change demand in the long run, allowing at least some firms to break even.
its lenders requested that the firm disclose full information about its revenues and costs. Elucidate why Brownstown's management was reluctant to release this information to its lenders.
they both can earn 10$ an hour they both have non-labor income of 300$ per week and they have 110 hours per week of non sleeping time. Who would works the most hours also how much do each of them make per week
Each firm has the usual U-shaped average-total-cost curve. The market is in long-run competitive equilibrium.
explain how many smoothest sold by each firm, and illustrate what is the profit made by each firm.
Compute the corresponding Compensating and Equivalent Variation. Illustrate your answers graphically. Compute the compensating demands for goods X and Y. Illustrate your answers graphically.
illustrate the effect of capital formation by comparing the production possibilities curves with the present time and one in ten years time, for two different eonomies, one with a high rate of capital formation, and the other with a low rate of ca..
Elucidate what could be done to encourage people to spend more so as to increase aggregate demand and, invariably, create employment possibilities.
Illustrate what are the opportunity costs for the manager of being in this business relative to returning to his old job. What is the economic profit of the business.
Give an example of how nations can benefit from trade on the basis of comparative advantage. Explain how both parties can share in the gains from trade.
Illustrate what percentage does equilibrium cost level differ from its initial value if output increases to Y = 106 (and r remains at 0.10).
One could argue that a long commute to work is an undesirable characteristic of any job. If most people live in the suburbs.
Under what situation would Gore be better off giving Bush a head start on putting mutually his presidential ticket.
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