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Question: Simple Microeconomics question. Please explain inutitively why the answer is 0?
Consider a market for high-speed broadband service in the graph above. The LRAC and MC for a single firm are illustrated with solid lines. The demand for these services is represented by the line q = 40-p. In the Long-Run, what will be the quantity supplied in this market?
a. 30
b. 100
c. 0
d. None of the above
If the banking system has a required reserve ratio of 10%, then the money multiplier is: If Bank A receives a $10,000 deposit and the reserve requirement is 10%, how much does Bank A have available to loan out?
If you had one strategy during Round 4 and it did not work, what would you change for Round 5 to make TQM more successful?
A corporation purchased a machine for $60,000 five years ago. It had an estimated life of ten years and an estimated salvage value of $9,000. The current book value of this machine is $5,000. If the current market value is $22,500 and the effective i..
What was the equilibrium price in market before the tax and what is the amount of the tax and how much will the buyer pay for the product after the tax is imposed?
Determine your before-tax rate of return on each of the funds (including your costs of investment). Assess the relative performance of each of the funds.
Joshua is a true entrepreneur with businesses around the world. He makes world-renowned cakes and coordinating products. Now he has begun making clothing with a cake theme/inspiration. In addition, he has written a book
Use the relationship between the current account and GDP to explain the difference in growth rates between the two economies
Is accounting profit equal to the difference between receipts and payments. Economic profit is the difference between receipts and the values of all factors of production? Explain.
Manufacturers in the US want China to increase the value of the yuan. Discuss whether low yuan value is good for the US because of low prices
Explain what happens to output in the short run in each of the following circumstances:
In the past couple of years, there was much talk about the possibility of Greece leaving the euro zone and reinstating its earlier currency, the drachma. If Greece did leave the euro zone and reinstate the drachma, what do you think the US$/drachma e..
Consider the following market supply and demand functions for onions:qs = 2.5ps, qd = 100 - 0.75pd - Solve this problem for the equilibrium price and quantity.
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