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What is the consumer surplus under monopoly? A group of firms in competitive market produced 20 units of a good when the market price was $2. They incurred no marginal cost. Eventually they realized the benefits they could get by teaming up and acting as a monopolist.
Suppose that in a city there are 100 identical self-service gasoline stations selling the same type of gasoline.
In light of the theory of comparative advantage, "Are Any Restrictions On Free International Trade Advantageous. Discuss comment on the current issue of "Exporting Jobs".
What are the current values of the three main macroeconomic indicators and Why does the demand curve for money increase (more money demanded at all interest rates) when GDP increases?
How would your advice to the company be affected by the release of the 2020 Pharmaceutical Development Program?
The last free cash flow for a company was $51 million and it is expected it to increase at a constant rate of 4% indefinitely. The company's weighted average cost of capital is 12%.
If a representative firm with long-run total cost given by TC = 50+2q+2q^2 operates in a competitive industry where the short-run market demand and supply curves are given by Qd = 1,410 - 40P and Qs = -390 +20P, its long-run profit maximizing leve..
A country has the per-worker production function, y=5k1/2, where y is the output per worker and k is the capital- labor ratio. The depreciation rate is 0.15 and the population growth rate is 0.05. The saving function s=0.2Y where s is total nation..
Martin's Yachts has paid yearlydividends of $1.40, $1.75, and $2.00 a share over the last three years, respectively.
The Federal Reserve System [Fed] has a huge measure of political independence. The Board of Governors, appointed through the United States president and confirms by the United States Senate, serve fourteen year terms.
The Affordable Care Act signed into law on March 23, 2010 requires individuals to be enrolled in a health insurance plan or face monetary penalties. This is known as the individual mandate. What is the economic justification for such provision in..
Assume that tuition prices suddenly go up 20 percent. What impact will this single price increase have on the CPI.
Assume you were doing lunch with your best friend who just enrolled in an economics class. He was complaining about how irrelevant the class was,
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