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Assume that in year 1 an economy produces 1000 units of output and they sell for $50 a unit, on average. In year 2, the economy produces the same 1000 units of output, and sells it for $100 a unit, on average. What happened to the real GDP between years 1 and 2? Why?
suppose you are a monopolist operating two plants at different locations. both plants produce the same product q1 is
Describe how high entry barriers into a market will influence long-run profitability of the firms
Analyzing Visuals Study the production possibilities frontier in Figure. What does it mean when the frontier shifts outward? What possible causes exist.
How should Microsoft price their products?
We are all affected by externalities. Environmentalists would love to see any kind of pollution banned completely. Do you agree with them? Or do you side with most economists, who argue that some pollution is better for society than none at all.
To what extent did the stock's price fluctuate? Why did this occur? Again, base your explanation on your research in financial sources.
1. What shape did the short-run aggregate supply curve have during the 1930s, according to Keynes? Explain
Carefully explain what will happen as we move from the short run to a long run equilibrium in a monopolistically competitive industry if firms are making a positive profit in the short run. Your explanation should clearly state what will happen t..
One way to identify a related choice is by examining a firm's outputs. A firm's diversification choice becomes more related as outputs become more similar.
What does this show about elasticity at the profit-maximizing price and quantity?
How would a libertarian like notice view poverty in then nitride states? How plausible do you find the libertarians’ preference for private charity over public assistance?
What does the Federal Reserve take into account when establishing general and specific rates of interest? Describe the recent tools the Federal Reserve has used to influence the U.S. economy, and explain their effects. In your opinion, have these mea..
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