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Watch the video for the week, read the lecture notes carefully before you answer the question. Should a perfectly competitive firm making a loss in the short-run always leave the market? Why? What about in the long-run?
What is your assessment of business's response to product and service quality and safety? Have they done enough? What is missing from their approaches?
Now assume that production technology improves such that average total costs decline by $5 a unit. Describe the process this industry will go through as it moves to a new long-run equilibrium.
To increase his market share in the fast food market, Jim would like to increase sales of the firegut to 750 per week, what price should jim set?
Let us for now ignore the problem of linear zing around zero-growth-rate, and assume that there is no problem in modelling constant natural growth rate. Let us suppose that monetary shock occurred, due to stochastic or forecast errors or intentional ..
Results of drilling are 15 dry holes, 12 gas producers, 18 oil wells, and 20 wells producing both oil and gas.
Choose whether to hire a new person in the marketing department or upgrade your computer system.
q.define inflation. assume that you live in a simple economy in which only three goods are produced and traded fish
Solve graphically: Show an increase in real interest rates that decreases quantity supplied of savings. (m2=0)
Consider a perfectly competitive industry. Market demand is P=500-2Q and all firms are identical. Find the market’s long-run equilibrium price. Show that the firm's profit is zero at this price. c. If all firms are identical, then how many firms is c..
Illustrate what is your opinion of the restaurateur's decisions. Would you recommend that she accept the $66,000 offer.
James earned $10,000 in income in his new job in Nova Scotia after the move and his employer paid him $1,000 specifically to cover the cost of the move, but doesn't specify what it can be used for.
Suppose household saving is $20, the government spending deficit is $4, and investment is $20.
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