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You are the owner manager of a perfectly competitive firm that manufactures house paints. The industry is in a long run equilibrium. Each firm's long run cost curve is given by TC=36Q-10Q^2+Q^3. Suppose the government impose a tax of $1 for each unit of output sold. What will be the industry price after the industry returns to long run equilibrium? What will be each firm's level of output?
Prepare a two page essay and answer the questions - analyze the behavior of the markets for goods and money for each area.
Assume the only choice variable is x. The total benefit function is B(x) =170x - x2 and the cost function is C(x) = 100 - 10x + 2x2
What will be the price of this bond? Suppose the market rate of interest rose to 12%; what would happen to the price of the bond?
What is the unemployment rate in Afghanistan? What types of businesses do the drug merchants use to launder opium cash? What did the Taliban teach here cab driver Jalal to do?
Depending on where you live or go to school, you could have DSL, broadband, or high-speed fiber. Identify the type of Internet access that you use at home or in school. Discuss the pros and cons of the service available within your area. Justify y..
The utility function of a worker is represented by U(C,L) = C X L, so that the marginal utility of leisure is C and the marginal consumption is L.
1) In this question we are going back in time and compare the implied federal funds rate from the original Taylor rule vs the Mankiw rule. The time period we are investigating is the third quarter of 2008. For the quarterly data on GDP and pote..
Since the Bretton Woods Agreement, U.S Dollar has remained the world biggest foreign currency reserve due to the historical security and economic power of the U.S. However, there have been ongoing predictions that Euro may soon replace the dollar..
Unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. So, your first job will be to recreate the firm's cash flow statement for the year just ended. The firm had $100,000 in the bank at the end ..
Restaurant Marketing Services, offers affinity card marketing and monitoring systems to fine dining establishments nationwide. Fixed expenses are $600,000 a year.
Research the elasticity of beef and eggs in regards to price changes. Explain how do supply, demand, and price controls interact to affect equilibrium price of eggs
Explain how will reduced smokers affect the GDP in the long and short run. What does increased revenue from cigarette taxes do to the deficit and budget.
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