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A firm operates in a perfectly competitive industry. Suppose it has a short run total cost function given by TC= 42000 +0.001Q^2 and a marginal cost given by MC=0.002Q. If the market price is 15, what is the firm's profit-maximizing quantity?
q.throughout history the most popular form of money has been gold.a. provide 3 reasons why gold has been such a popular
Calculate the monetary base. What is the value of the money supply (M1) What factors determine the level of excess reserves in the system? Calculate the money multiplier. What would happen to the level of deposits in the economy if the Fed bought $10..
If you want to increase ROE for a bank, but ROA is fixed, what could be done to do this? Would you increase the assets in the equity multiplier or decrease equity capital in the equity multiplier?
Why would your company have bid with a zero mark-up on some past tenders? Why didn’t it win all of those contracts?
There are two distinct sectors: taxidermists (X) and tap dancers (T). It is surprising that there is complete labor mobility between the two sectors. There are 200 equally talented workers who supply their labor inelastically.
Elucidate what happen to the prices of oranges and marginal product of orange pickers as a result of a freeze. Can you say what happens to the demand for oranges pickers. Why or why not.
Why did the budget surpluses in 2000 and 2001 give way to a series of budget deficits beginning in 2002? Why did those deficits increase substantially beginning in 2008?
The banks hold no excess reserves, Illustrate what will happen to the total money supply. How did you reach your answer.
What should you do with the outcomes that are not economic and may not be translated using monetary unit? (The answer can be more than one choice) Quantify the expected future results. Change the viewpoint of the problem.
Suppose there is an increase in the population growth rate. Show graphically how this affects the growth rate of both output per capita and total output in the short and the long run.
The economic union can be beneficial but it also cost a nation its sovereignty in monetary and fiscal policies. For instance, Greece could not use monetary policies to help boost its economy. Do you think Greece would have been better off not joining..
Calculate the ICER for the new treatment, assuming that the new treatment would replace the old one. In what quadrant is the ICER located in Figure 3-4? Is cost effectiveness analysis relevant? How does the answer change if the cost of the new treatm..
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