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You produce goods in a competitive market. You discover that the marginal cost of the last good you produced is the same as the market price for the good. You should:
A) decreases production of this good.
B) increase production of this good.
C) stop producing this good.
D) not change your production.
Executive officers within an organization will often feel compelled and tempted to emphasize short-term results—net income for the current year—over long-term
These 3 basic trade-offs include which goods or services are to be created, how to create them, also who gets them.
the circular flow diagram is model of how the economy works. explain how the model would change if the following events
determined the point price elasticity of demand at P=$3. What is the new point price elasticity if price is raised to P=$4.50? Comment on the change in elasticity
A federal government agency that purchases certain types of home mortgages, buys U. S. Treasury bonds from another government agency, elucidate how would this affect the net public debt, other things being equal.
Consider palletizer at a bottling plant that has a first cost of $171,112, has operating and maintenance costs of $13,378 per year, and an estimated net salvage value of $62,550 at the end of 30 years. Assume an interest rate of 8%. What is the futur..
Which one of the subsequent was not a contributing cause of the decline in investment also thus the recessionary expenditure
Firm 1 and Firm 2 compete in an industry and must decide whether to introduce an upgrade to their existing products. The nature of the strategic interaction is described by the game box, where (Y) means “upgrade” and (N) means “do not upgrade”. Draw ..
Dewey Cheatham is the new Vice President of Marketing for a large online search engine company, Pottstown Innovative Enterprises (AKA, PIE). Dewey has been doing some research into how he can increase the Company’s revenues and thereby really impress..
One Tuesday the government announces two new policies. First, you must pay a head tax (lump sum tax) of $3 a day. Second, the government will subsidize the purchase of apples (but not of oranges) so that the price of an apple falls to 50 cents. Draw ..
Assume that student marks are normally distributed. A random sample of 25 students' marks yield a sample mean of 70 and a sample standard deviation of 10. Estimate the population mean of marks with 95% confidence.
Draw a set of short run production curves including the total, average and marginal product curves. Identify on the graph the range of labor input that would be most likely relevant if you faced varying wage levels from zero up until you would cease ..
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