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Plot the aggregate expenditure and aggregate supply curves for incomes ranging from 500 to 3,000. What is the level of consumption at the equilibrium level of income?
Given the following production function: Q= 30X + 2XY -.5X2 - .5Y2. Now using the information on input prices and MR, what is the optimal input combination?
You are the manager of a monopolistically competitive firm. The inverse demand for your product is given by P = 50 - 25Q and your marginal cost is MC = 25 + Q. a. What is the profit-maximizing level
For example, by doubling the use of capital and labor, the firm would also double its output. What would the average and marginal cost curves look like under constant returns to scale? Explain.
Where two brands (Kleenex and Puffs) dominate the industry. According to the theory of contestable markets, the price charged for facial tissue will then be?
Assuming you ONLY have the production and not the input prices or MR, what is the slope of the isoquant given X on the vertical axis and Y on the horizontal axis.
What non-price strategies do cell phone network providers use in the market you are studying? How does a consideration of this affect your answer in Question 3 above?
Using marginal analyses discuss the following and explain your answers. Is it a correct decision if doctors make $80,000 a year and nurses make $40,000 a year? Explain.
compare the optimal pricing scheme of the iPhone. Assume that there are equal numbers of each customer type, and that the MC of the iPhone is $100.
XYZ Steel has an inventory of steel that it originally purchased for $20,000. It currently has an offer to sell the steel for $30,000. Should XYZ Steel's management agree to sell? Explain.
Write a 700- to 1,050-word paper on the U.S. Federal Reserve's monetary policy that addresses the following points: Explain how the central bank manages a nation's monetary system.
Why does the government create monopoly power via its patent system, when elsewhere it spends millions trying to prevent the emergence of or regulate monopoly power?
How many fabricators should HHHHC buy when the real interest rate is 12% per year? 8% per year? Assume that there are no taxes and that the depreciation rate is still 20% per year.
Project acceptance criteria if the land cost is above $850,000. A developer recently offered US Airways $2.5 million for the land. Should US Airways build the training facility at this location?
How does your analysis of VMP (value of Marginal product) change if the employer is a monopolist producer of its output but a price take in the labor market?
In 1988, the average wage rate was $9.45 an hour and in 2008 the average wage rate was $18.00 an hour. The CPI in 1988 was 118.3 and in 2008 it was 215.3. Which real wage rate is higher?
Prepare a report for the management team of the doctor's group on your proposed $100 expenditure plan reflecting on the key course objectives including the financial, legal.
Look at the inflation adjusted data and identify the periods of negative real economic growth. What might have caused each of these periods of economic decline?
Working age population was 233, 410, 000 the labor force was 154,294,000 and employment was 146,089,000. Calculate for that quarter the labor force participation rate and the unemployment rate.
The amount of school supplies and cosmetic products that Janet will purchase.When she gets to the store, she finds the price of cosmetic products has fallen dramatically. How does this change his op
Who decides whether these particular products should continue to be produced and offered for sale? How do these decisions differ between capitalist and socialist systems?
What shape will the isoquants have for this production function? Does this production function exhibit increasing, constant, or decreasing returns to scale?