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Q1. Compare and contrast inflation and deflation. What are some of the damaging effects that each has on an economy? What would be monetary policy prescription to reduce or eliminate each? How would deflation affect your business or a business you are familiar with?
Q2. A perfectly competitive firm operates in the short-run with labor as its only variable factor. Its production function is: Q = -L3 + 10L2 + 88L where Q is output per week measured in tons and L is the number of workers employed. The weekly wage is $324 and the product sells for $3.24 per ton. (a) At what weekly output is marginal cost equal to average variable cost? (b) What is the minimum product price at which the firm will operate in the short-run? (c) How many workers should the firm employ to maximize profits? (d) Calculate the firm's point elasticity of demand for labor at the equilibrium in (c) above
English is becoming the usual language for international transactions, even if the language of neither country is English.
Analyze a market environment with tacit collusion, including deterrents from entry.2. Evaluate the profitability of entering the market.3. Examine how the time horizon affects the profitability of entering the market.
the demand function for newtons donuts has been estimated as followsqx -14 - 54px 45py 0.62axwhere qx represents
q.the beta corporation operates in an business that has a herfindahl-hirschman key of 800. beta wants to combine with
what is the resulting outcome of the game? (b) Suppose now that dierent players obtain dierent shares (adding up to 1) when the majority vote is not passed. What happens in a SPNE then?
Utilize Managerial Economics to make your case, and remember that the Senator has not had benefit of the course you are taking. demonstrate and document the trends in medical costs
what right have we to burden our children and grandchildren with these debts while we live high on the hog. Discuss this
How could you use the concepts of marginal cost and marginal revenue to maximize profit? What information do you need to determine this? Without this information, how would you make a decision?
Explain terrorist attacks foster instability and may affect productivity over the short and long term.
Find outing relate to economist's traditional focus on Illustrate what people do, rather than Illustrate what they say they will do.
Illustrate what are the factors which involve the provide also demand of which good or service. How do you expect the demand also provide of which good or service to change in the next yr.
Two Processes are under consideration for a certain production. Process A needs acquisition of a new machine which is estimated
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