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Discuss and explain perfect competition and long-run equilibrium. Provide detailed descriptions, definitions and concrete examples of your findings. Additionally, how does the proliferation of global trade and competition contribute to markets moving more away from market-possessing power to more perfect competition? Lastly, when does marginal social benefit equal marginal social cost and why?
Compute and contrast the options that the local governments will need to discuss given the lack of resources that are currently available.
The equivalent uniform yearly cost per machine (years 1-5) at an interest rate of 8% per year is.
What are the three methods in order to be equipped with the tools necessary for evaluating a market's equilibrium.
Illustrate what firm dominates the beer industry. What demand and supply factors have contributed to fewness in the industry.
Explain how can a domestic market be protected. If a country had protected domestic market, what would be the likely effect on its balance of trade.
Elucidate the tradeoff among current consumption and savings and how this impacts economic growth.
Explain how does inflation affect an company's decision-making process.
Elucidate economic school of thought does Obama base his economic prescriptions? Detractors accuse him of some leaning towards socialism. However, Obamanomics is simply "Keynesian Economics".
Find the equation of the new demand curve for Chevrolets. What is the relationship between D C and D' C ? What explains this relationship?
Describe the following from an economic perspective and give numerical examples:
Most of the critics argue that America has too many elections, a surplus of elected officials, and unwieldy layers of government.
The New York Times cost $0.15 in 1970 and $0.75 in 2000. Average wage in manufacturing was $3.23 a hour in 1970 and $14.32 in 2000.
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