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Assume a perfectly competitive firm is producing a level of output at which MR<MC. What will happen as the firm moves to its profit-maximizing equilibrium? 1. marginal revenue will fall 2. marginal cost will rise 3. marginal cost will fall 4. marginal revenue will rise.
You do not incur any cost to produce goods you sell and thus your profit equals selling price if you make a sell. Or three sellers do not have any costs either.
1. a woman and her son are debating about the average length of a preachers sermons on sunday morning. despite the
Illustrate what is the average time in the system. Illustrate what is the probability there are more than three cars in the system.
If you move to a larger house in 10 years and pay off the loan, what is your effctive annual interest rate? d) If you are transferred in 3 years, what is your effective annual interest rate?
President and Congress change budget accordingly, but after 18 months, GDP only increased by three quarters of expected amount. Illustrate what factors might be responsible for this situation.
What is the probability that it will take a worker less than 4 minutes to complete the task? c. What is the probability that it will take a worker between 6 and 10 minutes to complete the task?
Explain how high must the deductible be to encourage low-risk behavior
Which one of the following variables is most likely to increase as production effort is increased? Which one of the following variables is most likely to decline as production effort increases? The efficient price of a license fee is determined by th..
q.a central bank finds itself in the following situation the national economy has been in a slump for several years but
Describe each of the following financial institutions. If it is a financial intermediary, describe what type of liabilities it issues and who holds these liabilities, as well as what kinds of assets it holds and who issued these assets. If it is not ..
She is considering quitting her job and going to university full time for four years.
If the price-taking firm was earning zero economic profits before the dynamic efficiency, will the level of profits change after? If so, show the extent of the change.
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