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Explain the following in detail in a paragraph.
Who are the major decision makers (list them) in the US Economy and describe fully the role that each plays in our economy.
Draw a graph showing a monopolistically competitive firm in a long-run equilibrium. What are its profits? Suppose instead that a monopolistically competitive firm sells 5 units of a product, for $4/unit, at an average total cost of $2/unit. Calculate..
(a) What is the price of this good? Please show your calculations.
Calculate the elasticity for each variable. On this basis, discuss the relative impact that each variable has on the demand. Illustrate what implications do these results have for the firm's marketing and pricing policies.
Suppose the marginal revenue (MR) function of a monopolist is 5000-0.25Q, what is the profit maximizing price and quantity? Show or identify the demand, marginal revenue and total revenue curves. State the maximum amount of total revenue—in US dollar..
Frank demonstrates in Chapter Two how price supports or ceilings lead to a loss of welfare. Using adiagram of a market initially in equilibrium which then has an effective (ceiling price
Why, according to Keynes, is an economy in recession and why can such a recession be prolonged? Illustrate and discuss
In the IS-LM-FE (Mundell-Fleming) open-economy macroeconomic model with imperfect capital mobility, what does the term 'imperfect capital mobility
What would be drain on U.S. GDP (as a percentage) from paying interest on net foreign debt. What if net foreign debt were 100 percent of GDP? Size of its foreign debt.
Explain why the general level of wages in the United States and other developed nations is high.
The Colleges are facing issues of survival after the government further cut their funding. Two colleges have decided to merge to safeguard their provision and safeguard their staff jobs. List the major stakeholders that will be effected by the colleg..
This is a follow-up discussion to the Unemployment in Your Hometown Assignment.
A typical firm in a perfectly competitive market has a cost structure described by the equation: C = 25 − 4QF + Q2F where QF is measured in thousands of units. Using the profit-maximizing condition, P = MC, write an equation for the firm’s supply cur..
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