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How are prices determined under perfect competition?
Think about a firm that you have done business with recently. What industry does this firm belong to? Is it monopolistic competition, oligopoly, monopoly, or perfect competition? Justify your classification of the firm.
Compare and contrast a public good versus a private good. What are the principal characteristics of each? What are the two key characteristics of public goods? Is there a free rider problem when it comes to public goods? Why? Do you consider your loc..
Suppose that macroeconomics forecasters predict that economy will be expanding in near future. How might managers use this information.
As a result of several factors, aggregate demand decreased during the Great Depression. One factor would be:
Explain the purpose of an agreement template and why a written agreement best serves to generate commitment to the agreement
Use graphs and equations to illustrate and explain the Monetary Model of Exchange Rate Determination. What are the effects of money supply, interest rates, prices, and GDP upon the exchange rate?
Suppose that a monopolist sells a product to consumers with an aggregate demand that is downward sloping in quantity, D(Q) = 200 − 2Q. The total cost of producing Q units is C(Q) = 20Q + 2Q2. What are the consumer and producer surpluses (CS and PS) a..
A severe drought hits a country and reduces farm output by 50%. short-run and long-run aggregate supply. short-run aggregate supply and aggregate demand.
q1. the owners of a successful restaurant want a loan for 50000 to renovate the kitchen and expand the dining room.
show mathematicallt whether the mardinal utility for (X1) and (X2) is increasing or decreasing. Find the Marginal rate of substitution for the indifference curve generated by the utility function.
A major defence supplier expects to generate additional revenue from its recently won government contract. The company expects the revenue will be $110 million in the first year and the revenue increasing by $2.5 million each year for the next 4 year..
Assume that a piece of equipment has a replacement cost of $10,000 and an 8-year life. Calculate its annualized cost at an interest rate of 15%. Show your calculations.
Which of the following is a key element of the Cournot model?
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