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The following item appeared in a major daily newspaper: does this observation in fact violate the laws of supply and demand?
"Though sales are down, prices continue to rise in apparent violation of the law of supply and demand."
Assume total benefits also total costs are given. Elucidate level of Y will yield the maximum net benefits.
Fastly Delivery Corporation has two divisions.
Engineers at the national research laboratory built a prototype automobile that could be driven 180 miles on a single gallon of unleaded gasoline.
Find out average fixed costs when the firm produces 50 widgets per day. Find out average total and variable costs for producing 49 widgets.
Plot the wage- setting and price setting equation or a property labelled graph and identity the nature rate of unemployment.
Explain why is it that for sellers in a purely competitive marketplace, the price received for each item equals the marginal revenue.
After the firm's patent expires, predict the new market output and price. Assume that competing suppliers have the same economic costs as the original producer. Calculate the resulting change in consumer surplus.
For each of the following concepts provide a definition, a complete explanation as to their significance, and a practical example.
Mr. Shanku has borrowed dollars in the US but is now concerned regarding its currency risk. What alternatives does he have to limit his risk.
An industry consists of three firms with identical costs C (q)18q +q2. What is the industry equilibrium (price, output and profits) if the firms have Cournot beliefs?
Illustrtae what does the agent choose if the terms are worse than actuarially fair.
Elucidate what are some measures of total ouput on the horizontal axis of the AS/AD model. Which measure do you think represents the most accurate picture of the output of an economy.
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