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Suppose the firm is a monopolistic competition firm whose demand function is X= 100 - 2P, Assume that there are no barriers to entry and the firm sells at equilibrium 20 units.
a. What is the average cost of the firm?
b. What can you say about the marginal cost of the firm?
In the early 1990's, a study found that moderate daily consumption of red wine reduced the incidence of heart disease in labratory rats. As a result of national press coverage of the report, the demand for red wine increased dramatically. Assume t..
In terms of ethics, describe the concepts and purposes of restorative justice and restitution. Address some ethical issues related to the concepts of restorative justice and restitution. Include some implications of restorative justice and how you wo..
1. What advice would you give Shell if it decided to use a different ERP software solution?
discuss the criteria that might be applied in determining if a court should uphold a states expropriation order or
1 the basic keynesian model of income determination - so called circular flow - posits current income as the sole
Substantiate your response with reasons and references to the textbook, lesson presentation, or Websites on the Internet.
Discuss the dangers of a high debt to GDP ratio and a growing budget deficit and What is the first action you would take as the president? As the chairman of the Fed? Why? What would be your subsequent steps?
Still remaining including the Ricardian framework, consider that Canada has 100 units of labor available for production while Mexico.
Explain how much should it be willing to pay today for the office complex.
The standard deviations of the distributions of b2 and b3 for the 10 million samples inFigure 3.5 are both 0.45. Verify that this is what you would expect theoretically, given that the correlation between X2 and X3 is 0.9962 and that S22 = 665 and..
Bigjet plans to launch a weekly flight on a long-haul route. It faces four sets of decisions corresponding to short-run, medium-run, long-run, and very long-run operations.
Given the following variable in open economy aggregate expenditure model, autonomous consumption= 200, autonomous investment=200,
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