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1) At a price of $9, the marginal revenue of a monopolistically competitive firm is $5. If the marginal cost of production is $7, what should the firm do?
2)For a monopolistic competitive firm, which factor would not increase market power?
What would an economists say that the burden of the FICA tax is shared equally. Who bears more of the tax burden Workers or employers.
What money supply must the Bank of Canada set next year if it wants to keep the price level stable? What money supply must the Bank of Canada set next year if it wants inflation of the ten percent?
Marginal Revenue (MR) = $130 Total Cost (TC) = $1,100 + 135Q + 0.6Q2 Marginal Cost (MC) = 135 + 1.2Q As the plant manager, should you recommend to the owners that the plant be shut down for a while? Justify your answer using at leas..
Raymond producing is a privately held corporation; all long-term finances are from the Raymond brothers in the form of equity interests.
Illustrate what are those key objectives and what are the key tools does the Fed use to achieve those objectives.
Elucidate as carefully as you can why borrowers would be willing to pay a higher rate of interest.
Think about the trade off in work and leisure during a given day, and from day to day. During a given day, does opportunity cost of work rise, decline, or remain constant with each additional hour of work?
Microeconomics and macroeconomics: Elucidate the differences among the two and why economics is divided into these two subdivisions.
Describe the impact of an increase in government spending on GDP using both Keynesian and classical points of view.
Suppose an economy has the following production function: Y=F(K,L)=K0.4L0.6, Determine the per worker production function.
Show these data graphically. Upon what specific assumptions is this production possibilities curve based? What would production at a point outside the production possibilities curve indicate? What must occur before the economy can attain such a lev..
Explain why do you think we have laws that prohibit discrimination in pay based on sex or race but permit employers to discriminate in pay based on education or experience.
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