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Monopoly problem, Determine the equilibrium price, equilibrium output, unit profit, and total profit at the equilibrium point. Also, completing part A. Thank you!
What does it mean to set alpha at .05? What is the null hypothesis? Alternate hypothesis?
Is it ever possible for United States to increase production of civilian goods without reducing production of government goods? Why did you answer this way? What conditions are you assuming? Descr
Using the AS-AD and IS-LM models describe short run and medium run impacts of a decrease in budget deficit.
Explain how high entry barriers into market influence long-run profitability of the firms. Describe competitive pressures which are present in markets with high barriers to entry.
Examine the determinants of price elasticity of demand and find out if each of the given products are elastic or inelastic.
Examine how law of demand applies to a recent purchase that you made. Explain how product has changed in price.
Describe how circular flow diagram associates to current economic situation. Using circular flow diagram.
Why would someone want to purchase Treasury Bills as opposed to investing in mortgage backed securities? Describe in terms of risk factors (maturity, liquidity, default, etc.).
Give the brief explanation of economic theory of statistical discrimination as it relates to workplace. Compare and contrast statistical discrimination with theory of unconscious bias.
The only goods you purchase are apples and oranges. Both apples and oranges sell for $1 per piece and income is $10 a day. Sketch the budget line.
If you do produce that ?fth widget, Find average total cost be? Has the average total cost increased or decreased, relative to part (a)? Why?
Find the minimum efficient scale for firm run by average CEO? Find minimum level of long-run average cost for a firm?
Find Ron's short-run supply curve, assuming that if produces zero output, he can rent or sell his fixed assets and therefore avoid all fixed costs?
Methodological individualism and social science. Describe the given phenomenon from the perspective of methodological individualism and social science.
Sketch production possibility frontiers for Ted and Jane producing two goods (prom dresses and accounting) without trade.
Compare circuit of production under capitalism with circuit for the family in producing dinner. How do capitalists make profits? Use circuit of production to recognize problems they might face.
Sketch production possibilities curve for pleasure you get between hanging with friends and from doing Economics problem set.
Estimate whether strategy currently used by the industry, as discussed in previous sections, appears to be sustainable over time.
Recognize the article which shows the application of time value of money principles to business decision.
If there are 12 identical firms in industry and market demand curve is given by QD = 360 - 2P, find the short-run equilibrium price?
Write the best estimated average variable cost equation for 27256 EPROM along with relevant statistics, diagnostics and rationale of choice.
Suppose that price of silk ties in perfectly competitive market is $19. Find the profit-maximizing rate of output for firm?
Explain would you face imperfect, oligopolistic, monopolistic, or perfect competition? What type of situations would you have to be aware of, and why?
Write down the risks, advantages, and disadvantages to the business and welfare of country? Do you think it is worth it?