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Suppose that, in a perfectly competitive market at the profit-maximizing quantity, the market price is greater than average total cost. What will happen to the number of firms, the market supply, and the price of the good as we move from the short run to the long run?
What price and quantity will result once the copyright expires and competition emerges in this market. Elucidate your answer.
In many Sub-Saharan African countries, girls have lower enrollment rates in secondary schools than do boys.
Determine which of the two investment projects a manager should choose if the discount rate.
Economists discuss that there is an efficient amount of pollution abatement. Why is the efficient amount of abatement unlikely to be either zero or 100 percent?
Elucidate using a graph why the change in real GDP is likely to be smaller than the shift in the aggregate demand curve.
Compute the opportunity cost, for producing a single Twinkie and a single cupcake for Jasper and for Jasmine. Jasper can produce.
What are coral reefs Status of coral reefs Threats to coral reefs Uses of coral reefs what is a Coral Reef. Fleshy sac topped with ring of tentacles around central mouth opening what is a Coral Reef.
During much of the 19th century in Great Britain, independent auditors were not only allowed to have an equity interest in their customers but were needed to invest in their clients in certains circumstances.
What happen if he goes to market, he must feed the horse 50lbs of rice. draw the budget constraint for beans and rice
Consider the timing: The incumbent chooses whether to invest; then the entrant observes the incumbents investment decision; then the firms compete in prices. Show that in subgame perfect equilibrium (SPNE) the incumbent does not invest.
President Bill Clinton assigned his wife the task of developing a national health insurance plan to increase the availability of medical care for the poor. Explain how would one determine the opportunity cost of the proposal.
Mustard and mayonnaise are substitutes. Mustard and relish are complements. Mustard is a normal good. During the summer, about 50% of all mustard was recalled by manufacturers and removed from store shelves.
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