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A fidget spinner manufacturer is producing 10,000 spinners and sells them for $2.75 each. At this level of output, marginal revenue is $2.75. From this information, would you conclude that the fidget spinner manufacturer is a competitive firm or a monopolist? Why?
What is price-wage rigidity? Do you agree with Keynes assessment that wage-price rigidity requires government's involvement in the markets? Why? Why not?
Suppose market for steel and the market for cars both have large numbers of buys and sellers. Which market is likely to be affected by information asymmetries?
crown cinema recently increased the price of a movie ticket by 5. as a result attendance dropped by 8. based on this
Why is it important that prices are flexible in our economy? Do you think the government should control the level of prices for products that are really
What is the difference between normal profit and positive economic profit?
If the firm's product sells for a constant $2.00 per unit, what is the marginal revenue product of the third unit of labor?
"Since consumers' tastes are changing so rapidly, there is no reason to expect that statistical demand estimates derived from historical data will be accurate in the future." Critically evaulate this statement in light of your knowledge of statist..
Equipment initial cost $ 500,000 Equipment salvage value $ 25,000 Annual gross income $ 300,000 year 1 Income gradient years 2 - 5 $ 25,000 Annual gross income $ 400,000 years 6 - 20 Annual operating expenses $ 160,000 first 10 years
Analyze the main competitive forces in the your healthcare delivery system in your state, and compare the major factors that influence the fundamental manner in which these competitive forces determine prices, supply and demand, quality of care, c..
What can shift the vertical (long-run) aggregate supply to the right? What can shift the vertical (long-run) aggregate supply to the left?
How would our supply and demand model predict this would affect the market for big trucks that use a lot of gas, like the Ford F-150 150?
A newspaper article in the fall of 2007 stated that: "The luxury-home builder Hovnanian Enterprises reported its fourth consecutive quarterly loss on Thursday, citing continuing problems of credit availability and high inventory." Why was Hovnania..
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