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Consider a competitive firm that faces a linear demand curve, P = 6-3Q,
where Q is the quantity demanded and P is price.
The firmâ€TMs total cost is: TC = 3Q
1. What output level will the competitive firm choose in order to maximize its profit?
2. What is the price at this output level?
What happens to the population size in the long run? Does the Iron Law of Wages (where Malthus asserted that technological change would not improve human living standards) hold in this case? Why or why not?
illustrate what is the real GDP in every yr, given which the price index has risen from 100 to 104.5 in the 1st yr also up to 108.3 in the 2nd yr.
The three families are considering putting in streetlights on Main Street and are trying to describe how many lights to install. The table below shows each family's willingness to pay for each streetlight.
Demonstrate by example about production which exhibits constant returns to scale.
Assume the graphs represent the demand for utilize of a local golf course for which there is no significant competition.
When aggregate demand shifts left along the short run aggregate supply curve, then unemployment?
compare and contrast the political and economic differences of at least two countries (for example India and the United States); and 4) discuss what managers can do to successful work with the opportunities and challenges present in this global ..
Illustrate what is the product maximizing level of output for this producer. Will the producer make a positive profit at this level of output.
Research where you would find the U.S. international trade policies and their history as they apply to various industries.
The number of taxicabs in Motorville and the taxicab fares are regulated. The fare currently charged is $5 a ride. Motorville taxicab drivers want to obtain government's permission.
Other counters that we are running out of cheap energy. Explain which person is correct also why.
A group of 20 doctors are considering forming a new medical group also has asked you to prepare a report on whether they should build a facility in an area.
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