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If monopolistic competition has nothing to do with a monopoly why is monopolistic in the name?
Firms in the market for soccer balls are selling in a purely competitive market. A firm in the soccer ball market has an output of 5,000 balls, which it sells for $10 each. At the output level of 5,000 the average variable cost is $6.00, the average ..
a. Find a 90% confidence interval to estimate the difference in the percent of students who pass using the two methods.
Over a period of two years, you made 24 monthly purchases of a stock. You paid $500 for the first month, and increased by $10 per month thereafter. At the end of the two years, you sold all the stock for a total of $18,000. What effective annual rate..
Read the article titled “Well Functioning Intercultural Nation”. Briefly discuss your thoughts about the speech as it relates to culture, communication, interpersonal relations, and intercultural competence.
After 25 years explain how much larger is Country B's economy the Country A's economy. Why is the answer not 25 percent.
A large wood products company is negotiating a contact to sell plywood overseas. The fixed cost that can be allocated to the production of the plywood is $800,000 per month. The variable cost per thousand board feet is $155.50. What is the domain of ..
Widgets are sold by a constant-cost industry where each firm has fixed costs of $60 and each firm has the following marginal cost curve: In long run equilibrium, what is the price of a widget? The city would like the price of widgets to change. Plan..
As a general rule, a consumer may correctly maximize satisfaction by sequencing his choices, from first to last, by choosing the one with the highest marginal
Carl and Simon are two rival pumpkin growers who sell the pumpkins at the local Farmer's Market, and their pumpkins are identical. The demand function at the farmer's market is q = 3200 - 1600p where q = qc + qs. How will Simon's reaction function l..
An increase in the minimum wage will tend to cause which of the following to ?occur?
Groundwater refers to water found in “aquifers” below the ground. Many aquifers are large in size and often there will be many landowners with land above a single aquifer. In the state of Texas, landowners with wells to access groundwater are legally..
Illustrate what is happening to the housing market in your area. Are you still seeing alot of forclosed homes?Can you describe the housing demand and supply factors.
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