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Is it possible for marginal revenue to be negative for a firm selling in a perfectly competitive market? Is it possible for marginal revenue to be negative for a firm selling in a monopolistically competitive market? Briefly explain.
Assume that a hypothetical economy with an MPC of 0.75 is experiencing a severe recession. 1. By how much would government spending have to rise to shift the aggregate demand curve rightward by $50 billion 2. How large a tax cut would be needed to ac..
Estimate the number of cups served per week and determine outlet demand curve. What would be the effect of a $5000 increase in the competitors' advertisement expenditure and outlet demand curve
a. Does this production function have constant returns to scale? Explain b. What is the per-worker production function, y=f(k)?
Is your explanation consistent with the fact that franchised tutoring services often charge a fixed royalty per student enrolled?
question 1. on august 14 1947 the indian subcontinent which was under british rule for nearly two centuries was granted
your company bright paints is one of a dozen companies manufacturing a special reflective paint used for traffic signs.
What three factors determine whether two economies with separate fiscal and monetary authorities should form a currency union? Give an illustration of each factor using NAFTA economies.
Why can't all the balance of payments accounts be in surplus? What factors decide the demand for British pounds in foreign exchange markets? How are exchange rates determined under a flexible exchange rate system?
What is foreign aid and what is the goal of foreign aid? Does foreign aid promote economic development? Explain briefly. Your response should be at least 75 words in length.
In his January 31, 2007, speech on the state of the economy, President George W. Bush said that "Since we enacted major tax relief into law in 2003, our economy has created nearly 7.2 million new jobs. Our economy has expanded by more than 13 per..
Graph the demand and marginal cost curves and calculate and indicate on the graph the equilibrium price and quantity
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