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Answer the following questions for this monopolistically competitive firm and show your calculations when necessary.
a. What is the profit maximizing price? Output?
b. For this monopolistic competitive firm, is the firm earning a profit or loss? Explain.
c. What is the average total cost (ATC)?
d. What is the amount of average revenue (AR)?
e. What is the amount of total revenue? Total costs?
f. In comparison to a monopolist, is the elasticity of the demand curve more or less elastic than a monopolistic competitive firm? Explain your answer.
g. Can this monopolistic competitive firm earn a profit in the long-run? Explain your reasoning.
answer the following questions related to the grossman modela explain the difference between health being considered as
From 2000.3 through 2002.2, real growth slowed down substantially in the US economy, which was in a recession during most of 2001.
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Give at least two reasons why group lending schemes may be better than individual lending ones, and at least two reasons why they may be worse.
what is the effect on the price of a recordable cd and the quantity of recordable cds sold ifa. the price of an mp3
BusinessWeek recently declared
Jake wears Levi's and T-shirts with surfer logos. He has lots of these, even some that he hasn't worn and can take back to the store for a refund if he wants.
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Crude death rates in Table tend to fall within a smaller range than crude birth rates. However, Sub-Saharan Africa countries like Zimbabwe, Senegal.
What is the government spending multiplier in this economy? Say that government spending increases by 150. How much does GDP increase?
Does the long-run Phillips curve make it difficult (if not impossible) for policymakers to increase output and employment beyond full employment.
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