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There are 46 identical firms in the market of good X. The individual firm's short run total cost function is given by: STC = 340 + 4Q + 3Q 2. The sunk costs amount to $148. The market demand for X is given by: D(P) = 996 - 4P.
a. Find, and draw, the short-run supply curve of the firm.
b. Find the short-run equilibrium in this market (equilibrium price, quantity in the whole market, quantity produced by the individual firm)
Argue whether you favor or oppose the doctrine of sovereign immunity, and provide specific reasons supporting your opinion of sovereign immunity
Malthusian trap is known as: "A point at which the world is no longer able to meet the food requirements of the population
In 2015 per capita Real GDP was $22,030 in Sweet Potato Hollow. What was the growth rate from 2014-2015.
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If equlibrium level of aggregate income in an economy is $250 billion while full-employment level of income is $450 billion, and if the value of MPC is 0.60, then additional investment needed to reach the full-employment level of income $____________..
Assuming transaction costs are small, the Coase theorem would predict that private parties could arrive at an efficient solution for which of the following problems?
Consider the following Heckscher-Ohlin model. Spain and Italy produce shoes and T-shirts using capital and labor. Spain is labor abundant and Italy is capital abundant. Shoes are capital-intensive and T-shirts are labor intensive. Suppose both countr..
The bond's par or face value is $1000, and it is due in 9 years. Determine the yield to maturity (IRR) of this bond. (Assume that interest is paid annually.)
Discuss very shortly the choice of discount rate to use to evaluate a public project with a very long time horizon (e.g. nuclear waste final storage). Explain (shortly) how mandated benefits might affect how you think about the deadweight loss of tax..
What is the firm's production costs in an hour?
What is a better assumption? Why? Does your answer make either model false? Seven or eight sentences answer the question.
An artificial satellite circling the Earth completes each orbit in 112 minutes.
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