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Question - What is the MPC and APC all about? Can you compare and contrast these concepts? Is it better to have a high propensity to consume or lower? What do you want for yourself? Speculate over which people in our country fit the high versus low category?
continue to produce the level of output at which marginal revenue equals marginal cost. increase output to minimize its losses. reduce output to the level at which price equals average variable cost to minimize its losses. shut down to minimize it..
What is the equilibrium price of a box. Is this the long-run equilibrium price. Expalin how many firms are in this industry when it is in long-run equilibrium.
1. Evaluate the following statements and discuss whether they are true, false or uncertain. Justify your answers. (i) A monopolist encounters a linear demand curve should always produce at the point where the demand is unit elastic in order to maxi..
What is the Consumer Price Index (CPI)? How has the CPI behaved since the year 2000? What have been the causes of these changes? In your response, include a graph of the CPI for this period and cite your source
Suppose that die number of garden benches produced by 0, 1, 2, 3, and 4 workers is 0, 39, 78, 99, and 108. Calculate the marginal and average products of labor
QD= 60-10P and QS=10P 2$ impose the tax So the per pirce
Discuss how a change in price affects total expenditure by filling in each cell with resulting change in total expenditure.
Why we have to understand the concept of Decreasing Return to Scale and how is it related to our daily life?
suppose that the money demand is given by md py0.25-isuppose that nominal income is 100 and wealth is 500 and that the
What is meant by the term 'arbitrage' and why is it important in explaining why the Bank's influence on interest rates is so pervasive?
Suppose MPC=0.75 and the government pay for the new spending of 100,000 by increasing taxes by 100,000. Calculate the new Y. Could you provide the answer with specific formulas if possible?
In the short run a firms cost of producing the hundreth unit of output is $10,000. If it makes just one more its $10,150. What is the marginal cost and average total for 101 units. Also average cost for 100 units?
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