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Assignment:
The corresponding long-run average cost function of a competitive firm is given by 20+Q+(144/Q). The market demand curve is D(P)=2488-2P. What is the long-run equilibrium price in this industry, and at this price, how much would an individual firm produce? How many active producers are in a long-run competitive equilibrium?
choose and research a specific business that is publicly traded where there has been a pattern of change in a
Libertyville has two optometrists, Dr. Jones (J) and Dr. Smith (S). Each optometrist can choose to advertise his service or not. The net revenue to each optometrist, in thousands of dollars, is listed on the payoff matrix below
Minimum wage laws are controversial for many reasons. One is that they may not be beneficial to the workers that they are most intended to help.
What kinds of competition are allowed in business but not in campaigns for political office and vice versa?
Liam dreams of starting his own business to import consumer electronic products to his home country. He estimates he can earn 5% on his investments.
What are the challenges to profits faced by each firm? What challenges to profits arise due to supply chain and intermediary consumers such as processors.
If you were president of a Third World country which lacked diversity among its political leadership, mention and discuss three policies you would pursue.
Assume a change in price causes the price elasticity of demand for a good (in absolute value) and marginal revenue to decrease. In this case we can conclude that the price of the good was:
why Banks are exposed to interest rate risk primarily. what does the Federal funds market involves.
Calculate the premerger Herfindahl-Hirschman index (HHI) for this market and suppose that any two of these firms merge. What is the post merger HHI?
hahn company uses the percentage of sales method for recording bad debts expense. for the year cash sales are 300000
Why were they TWIX bars packaged in this way? As precisely as you can, please state the economic term for what is happening here?
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