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Assume that the market for wheat is perfectly competitive, with demand curve P = 5000 ? 0.01QD and a supply curve P = 1+0.1QS. Each identical wheat producer has a total cost curve given by T C = 1+Q+Q2 , which results in marginal cost of MC = 1 + 2Q
A) How much profit does each firm earn?
B) What is the shut-down price for the firm?
q1. labor is a resource that is necessary to produce many goods. if the price of labor falls says the economist the
Suppose there are 30 identical hot pretzel stands operating in New York City. Each stand has usual U-shaped average-total-cost curve. Market demand curve for pretzels slopes downward and market for pretzels is in long-run competitive equilibrium.
Assume that the high costs of performing cause the promissory to breach a contract and pay perfect expectation damages to the promise. Would the promise have preferred that the promissory perform? Explain the gain in total payoffs from allowing the p..
Explain these varied outcomes in terms of how the market system answers the question "What goods and services will be produced?"
The production of any goods or services requires the allocation of resources that otherwise could be used to produce other goods and services, given the available technology.
elucidate why not and propose a mechanism that might solve your dilemma.
what is the diamonds water paradox and how is it
Economists believe that the current values of the deposit multiplier and the money multiplier are widely divergent. Why might these values differ at present? What (if anything) do you think must happen for them to converge once again?
What do you think are the implications of the level of both consumer and government debt? What are the implications of foreign ownership of US government debt?
Why does a firm choose to become a multinational corporation? Please if you can put it in your own words. I already googled it and wikid it, alot of terms that I dont understand. In other words "break it down barney style"
Challenge of any merger that raises the HHI by 100+ points in a market where the HHI is above 1800 before the merger.
Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage.
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