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If we are given the following demand and marginal cost 2P + QD = 7 (Demand)
MC = 1.5
What would the monopoly equilibrium price and quantity be?
Suppose that the world price of oil is roughly $60 per barrel and that the world demand and total world supply of oil equal 34 billion barrels per year (bb/yr), with a competitive supply of 20 bb/yr and 14bb/yr from OPEC. The equation for the long-ru..
According to the BLS, the CPI rose 3.8% in August of this year compared to a year earlier. Food prices rose 4.6% and clothing prices were up 4.2%, while new car prices rose 3.8%, and medical care was up 3.2%. What percentage change in the CPI up unti..
Costs are very important not only to us as individual consumers, but also to businesses who must control costs in make the desired profit. We should have learned that in this chapter (if we did not already know that). In this discussion answer the fo..
Derived demand for capital and labor: Cost minimization General Motors produces cars by using labor and capital. The production function for cars can be expressed as:
Homeland is about to join Furrinerland in a free-trade area. Before the union, Homeland imports 10 million DVD recorders from the outside world market at $100 and adds a tariff of $30 on each recorder. How much extra imports would hae to be demanded ..
Explain your answer thoroughly. Illustrate Monetary Policy Tools should the Federal Reserve use to fight inflation. Describe them thoroughly.
Can you cite an recent cases where the government had to break up a monopoly or where antitrust laws were broken and a company had to pay fines?
In a world where the public holds no currency but where banks keep fractional reserves against deposit liabilities, explain how an injection of new base--say from The Fed’s purchase of securities-- lead to new M1 which is a multiple of the new base. ..
Explain how to structure her essay properly and illustrate what sorts of mistakes she should avoid making. Drawing on your prior writing experience, as well as knowledge you have gained from this phase, illustrate what advice do you offer.
q.complete the international trade simulation.list at least one benefit also one limitation of international trade you
Three different plans were presented to the US GAO (Government Accountability Office) by a high-technology facilities manager for operating a small weapons production facilities. Plan A would involve renewable 1-year contracts with payments of $1 mil..
Discuss the factors bearing on the observed earnings gap between median levels of pay for the 60 - 80th percentile of earners (or 4th 'quintile').
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