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Question: Suppose a firm operates in a perfectly competitive market. Suppose P=20 and MC=10Q. We also know that the total cost function is equal to 40+5Q^2 if the firm chooses to operate, but to 0 if the firm closes down. What is the optimal Q?
Would the problem of technological unemployment be eased if the competitive market system was allowed to function more completely?
A department store charges 13/4% interest per month, compounded continuously, on its customer's charge accounts. What is the nominal annual interest rate?
"Does Fairness Prevent Market Clearing? An Experimental Investigation." The Quarterly Journal of Economics, 108(2), 437-459.
If your receive $500 in simple interest on a loan that you made for $10,000 for 5 years, what was the interest rate you charged?
The story about production at Steinway is very similar to that of the C. F. Martin Company, makers of some of the world's finest acoustic guitars.
Consumer expenditure plans is an example of a forecasting method. Which of the general categories best described this example?
A group of firms in an industry have been accused of engaging in price fixing in Edmonton, but not elsewhere. Describe and explain four methods you might use to estimate the price impact of the conspiracy.
Does this situation best represent producer-producer rivalry, consumer-consumer rivalry, or consumer-producer rivalry?
What are some of the substitutes for bananas and what would happen to demand, supply, price, and quantity in the markets for these items if TR4 spread.
Compare the current yield to the yield to maturity. or which bonds is current yield closer in value to the yield to maturity? Explain.
What are the costs and benefit of a too big to fail policy? Is bank merger a good thing? What are your recommendations to prevent it?
From the scenario for Katrina's Candies, assuming the absence of quantitative data, determine the qualitative forecasting techniques that could be used within this scenario. Now, assume you have acquired some time series data that would enable you..
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