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The U.S Postal Service (USPS) is a monopoly because the federal government has blocked entry into the market for delivering first-class mail. Is the USPS also a natural monopoly? How can we tell? what would happen if the law preventing competition in this market were removed?
Find out optimal consumption level of video games and burritos that maximizes total utility.
As what will happen if the marketplace is characterized by sticky wages.
Consider that demand elasticity is defined as the percentage change in quantity divided
The supply curve for labor is S L = 100W, where W is the market wage. The marginal revenue product curve for the firm is D L = -50W + 450.
Does the structure of global economy permit poor nations to catch up with rich ones? Is the Solow model a useful framework for understanding whether poor nations tend to catch up with rich ones?
Assume that the Fed Reserve adopts an inflation targe of 3% for its monetary policy.
Illustrate what does the report say about the corporation view of future business challenges and the market in which it operates.
Compute the expected stock price for each firm using the constant growth dividend discount model.
A representative company with long-run total cost given by TC = 2,000 + 20q + 5q2 operates in a competitive industry where market demand is given by QD = 10,000 - 40P.
a nation to have commercial relations with other countries
What is the take home pay of the three options after state income taxes are paid? Which of these offers will you accept if you are only interested in maximizing your after tax income? Pennysylvania: After tax income = 62000 * (1 - 3.07/100) = 6009..
Find MPS (marginal propensity to save), MPC (marginal propensity to consume) and the multiplier. b. What is the break-even level of income? c. Would you consider the break-even point as the equilibrium point? Why or why not?
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