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Since under price leadership by the dominant firm, the firms in the industry following the leader behave as perfect competitors or price takers by always producing where the price set by the leader equals the sum of their marginal cost curves, the followers break even in the long run. True or False? Explain.
Discuss and explain the reasons why net income for a particular period does not necessarily reflect a firm's cash flow during that same period.
Define the union wage gain and the union wage gap. Why should we care about the magnitude of the union wage gain? Why should we care about the magnitude of the union wage gap? Under what conditions will the union wage gap provide a reasonable est..
Illustrtae what are the nominal rates of interest for both the United States and the euro area?
Explain how the distinction between expected and unexpected inflation is important to the distributional effects of inflation.
question 1. income per day of a physician working in a clinic is shown by the equation y260hnbsp260 multiplied by h
Discuss the performance of the economic over those ten years and provide evidence and explanation for the economic performance, such as high unemployment rate high inflation rate and/or steady, long term economic growth.
After completing a complex programming project, Melanie is laid off. Her prospects for a new job requiring similar skills are good, and she has signed up with a programmer placement service. She has turned down offers for low-paying jobs.
Corporation will pay a $2.66 per share dividend next year. The company pledges to increase its dividend by 5% per year, indefinitely. If you requires a return of 10% on your investment, how much will you pay for the company's stock today?
A producer in a perfectly competitive industry has a cost function described by TC(q)=1000+6q+0.2q^2. If the market price is 40 and it has already committed to paying the fixed cost, what is the maximum profit for the producer?
Suppose the market price is $5. The producer who sells the first unit of output has a willingness-to-sell equal to $1; the producer who sells the second unit of output has a willingness-to-sell equal to $2; and the producer who sells the third uni..
Suppose that, in a perfectly competitive market at the profit maximizing quantity, the market price is greater than average total cost. Carefully explain what will happen to the number of firms, the market supply and the price of the good
in a recent speech the governor of your state announced one of the biggest causes of juvenile delinquency in this state
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