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Choose one company from the market structure of monopolistic competition and one company from oligopoly. State which characteristics fit and make these market structures fit to the description.
Suppose that the price of good X rises and the price of good Y falls in such a way that the consumers new optimal consumption bundle lies on the same indifference curve as his old bundle.
assume that the industry you wrote about in assignment 3 wants to expand and has to make some longterm capital
In the competitive market at a price of $50 and cost function of C=50+5Q2 find out the maximum profit? Show how the solution was reached.
Johnson Inc. is notified that local property taxes have raised. Johnson's economist states this will increase our cost of production and shift up our average total cost curve, average variable cost curve.
based on grossly distorted picture how useful do you think gdp is as an economic indicator? what are its limitations as
what macroeconomic policies might you enact in response to these economic conditions? How would you expect these policy changes to impact the economy?
Suppose an industry has potential firms with identical technologies with TC = 200 + 2*(Q^2). The demand curve in this industry is D(p) = 18 - ¼ p.
When a company is faced by a kinked demand curve, the marginal revenue curve will be:
Write a grant proposal aimed at receiving funding for a programme that you expect to run in anarea (village) of a developing country of your choice.
If you both bring supplies to squeeze your own lemons, you can keep up with flow of customers, can charge more per cup and make about an average of $54.60 If you both bring some awful, over-sweetened powdered lemonade mix, you can keep up with th..
Assume Labor is the Variable Input. Capital and Land are the inputs which requires the longest time period before they can be adjusted. Explain the movement of the resources in both SHORT RUN and LONG RUN
The recurrent ups and downs in the level of economic activity extending over several years are referred to as business cycles. What are the phases of this cycle and describe what occurs in each phase?
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