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A firm's demand function is defined as Q = 14 %u2013 2P. a) Use this function to calculate total revenue when price is equal to 3 and when price is equal to 4. b) What is marginal revenue equal to between P=$3 and P=$4?
Illustrate what are the opportunity costs of producing X and Y for Leah and Tim; and if specialization is possible, which good should Leah specialize in? and How about Tim.
Evalute with 95% confidence the decrease in percentage support between now and 6 months ago.
Monopoly is often heralded as the ultimate goal of a firm, to be the only seller in a market. however the picture might not be as rosy as it appears if you actually reach monoply status. Why is that. How monopolies in real world earn huge rates of..
What amount of profit is the firm earning? Is this firm in a short-run or long-run equilibrium? Why?
Compute nominal GDP, real GDP also the GDP deflator for each year, using 20010 as the base year.
Using specific examples, relate the concepts of Cross Elasticity and Income Elasticity to this product.
You used this information in deciding to open a store. Your store Explain however has not come even close to these annual sales.
illustrate what would take place in the US marketplace for loan able funds. In particular to US interest rate, savings also investment.
In a production run of 1000 parts, how many defects would be found (to the nearest whole number)? What is the advantage of reducing process variation?
Illustrate what would neoclassical economists and new dissidents have to say about former Bush Administration's efforts to push forth a Free Trade of Americas with our South American, Central American and North American neighbours.
How large is the bias in the CPI due to not immediately incorporating new goods.
Assumptions make the nation easier to understand because they simplify reality and focus our attention.
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