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The price of orange in 2016 is expected to rise dramatically compared to 2015. How will this affect the supply and demand curve. What effect will if have in the equilibrium price and quantity demanded?
Explain how quantity of labour to be hired and wage rate would be determined if input market is perfectly competitive. output market may be either perfectly competitive or imperfectly competitive.
n long-run equilibrium, every firm in a perfectly competitive industry earns an economic profit. Pure competition exists in a market when firms are price makers as opposed to price takers. A natural monopoly results when the profit-maximizing output ..
In the long-run equilibrium of a perfectly competitive market, briefly explain why:
Illustrate what is the marginal income for each 10,000 increase in the quantity sold. Illustrate what recording fee would you advise Johnny to demand from the record organization.
Illustrate what is equilibrium price of box. Is this long-run equilibrium price. Explain how many firms are in this industry when it is in long-run equilibrium.
Suppose the demand function for a profit maximizing monopolists good is P = 160 - 0.5Q, its total cost function is TC = 20 + 10Q + 0.3Q2, and its marginal cost function is MC = 10 + 0.6Q. If the firm uses a uniform pricing strategy, then rounded to t..
A seafood restaurant in a beach resort town has a fixed (unavoidable) cost of $1,000 per month and variable (avoidable) costs of another $1,000 per month.
Tracy has utility given by U(F,H) = FH^2. Last week Tracy had an income of 6 and the price of food was 1, the price of housing was 1. This week Tracy has income of 12, the price of food is 1/2 and the price of housing is 4. Find Tracy's optimal it co..
World Trade Center and Pentagon affected short and/or long-term productivity in United States. Elucidate your response and show any movements in PPF.
If one yr later the marketplace interest rate increases by 5% also they sell the bond, this rate of return on this investment is.
Select a specific consumer behavior and construct that highlights the workings of marginal utility and how it affects the consumption pattern for goods and services. Using the Diamond-Water Paradox as a guide and two other goods of your choice, illus..
The ledger of Hixson Company at the end of the current year shows Accounts Receivable $120,000, Sales $840,000, and Sales Returns and Allowances $30,000.
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