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Q1. In a perfectly competitive firm when you have a table which gives quantity, cost , Total Costs Explain how can you Find out Explain how much of the TC is a fixed cost and Explain how much is variable without the FC being given?
Q2. Explain how do real GDP and the cost level change if the forecast of inflation turns out to be incorrect?
Q3. Evaluate the impact of Globalization on domestic governance factors requiring domestic changes. Identify explicate at least three significant factors requiring domestic changes.
If her goal is to maximize the amount of money she can make every week, explain how many hours will she work at the bookstore.
what is the expected economic life for this water pump and what is the minimum annual equivalent cost.
If the government raises your marginal income tax rates and uses the money in a way that does not affect you in any way.
Consumers buy from the lowest price firm, and the highest price firm sells nothing. If the firms pick the same price, they split the market demand equally.
These 3 basic trade-offs include which goods or services are to be created, how to create them, also who gets them.
Compute GDP for Joe using both the product and income approaches and show how they must agree.
Assume that the firms act independently as in the Cournot model i.e., each firm assumes that the other firm's output will not change.
Based on some economists' definition of the relevant market, the two firms proposing to merge enjoyed a combined market share of about two-thirds, while another firm essentially controlled the remaining share of the market.
Assuming labour demand is downward sloping and that the labour market is competitive, what happens to national income as a result in immigration.
the set of efficient trades these individuals would rationally make. One of the points on the set of efficient trades you illustrated in your diagram will be a competitive equilibrium.
Devise a hypothetical business situation in which buying a look back.
Why might these firms agree to form a cartel. If such a cartel is formed, use the prisoner's dilemma to explain why it may or may not survive.
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