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Q1. Assume that restaurant charges $11 / meal for 180 meals as well as that the marginal cost of the 180th meal is $8 in long-run equilibrium. Explicate what is the size of firm's revenue?
Q2. The World economy and the U. S. are still in a period of high and slow growth unemployment. As we in the U. S. are previously in an election year, does the Political Business Cycle still exist? Do current politicians use to manage and influence to get reelected? Is this a "valid" use of political power? How does this impact business firms? Discuss.
Suppose you work in a financial institution, how you would advise your clients.
Analyze the impact of this floor on price, quantity demanded and supplied. Would this price floor create a surplus or deficit of this product in the market?
Competition in the market is such that each of the firms independently produces a quantity of output.
If the number of labor hours increases by 10% and the number of hours of capital used decreases by 10%, what is the percentage change in output.
Under what situation would Gore be better off giving Bush a head start on putting mutually his presidential ticket.
Assume an endogenous growth model with labour augmenting technology.
Suppose that the market for wheat is characterized by the following demand and supply relationships.
Calculate whole expected convenience from each restaurant option and also compare?
Could trade help reduce poverty in Brazil and other developing countries. How do product and factor prices and wages eventually equalize between the two countries.
Explain the paradox of why new cars usually lose a large fraction of their market value the moment they are driven from the showroom. Identify the economic principle that explains this paradox.
What must she/he expect to happen to short term interest rates over the coming year.
Merit goods have received considerable attention. Can concerts and other publicly provided services be rationalized using these ideas.
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