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This discussion looks at perfectly competitive markets and the real world in more detail:
Is there a good or service you purchase currently that is sold in something close to a perfectly competitive market?
What leads you to believe this?
A Mercedes Benz will cost $40,000 in 3 years. If I can get 1.5% per quarter interest how much do I need to put in the bank today to have $40,000 in 3 years
List the four assumptions for the Monopolistic competition model. Now explain how the market will adjust in the long run and draw a corresponding graph for the representative firm in the long run. (Explain your answer.)
Taiwan Electronics produces 3 models of the CB radios, A, B, and C-Employ the transportation model to find out the best production schedule.
The industry's assets are financed with some combination of common equity and long-term debt. What's the firm's debt ratio?
Wednesday the price changed to 1.8275. Compute your profit-loss in USD on Tuesday and Wednesday.
What are the firm's fixed costs? What is the firm's marginal cost? Now suppose other firms in the market sell the product at a price of $10.
Which statement is not true regarding risk? the expected return is usually not the same as the actual return a key to assess risk is determining how much risk an investment adds to a portfolio some risks can not be decreased or mitigated by the fina..
The demand & supply curves for T shirts in Touristtown, United State, are given by the following equations:
State the commodity in which each country has absolute advantage and Identify the commodity of comparative advantage for each country
The production function is given by F(L) = 6L^(2/3). Suppose that the cost per unit of labor is $8 and the price of output is 4, how many units of labor will the firm hire?
An electric company must decide whether to install a scrubber to reduce sulfur dioxide emissions from its electric generating station. The plant currently has no such pollution control equipment, and must buy SO2 permits to cover its emissions at ..
A consumer, D Carroll, spends all of his income on 2 goods X and Y. The 2 goods are both normal but are not complementary. The price of good X is reduced but the price of good Y is unchanged. The consumer continues to spend all of his income on th..
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