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Assume that the computer market is perfectly competitive. With this in mind, what do you expect to happen over time to the following?
Future production for each type of well is as follows: gas, $2,550,000; oil, $4,500,000; and both gas and oil, $3,600,000. If the decision is to be based on maximum expected value, what should be do
I have to pay interest, so my cost of producing pizza will be higher if I take out the loan than if I sell the bonds. "What do you think of Paolo's reasoning?
Which is the best reason for the relatively low proportion of fixed costs in the cost structure of the air carriers? private investment in the airways and airports.
The DeBeers' diamond monopoly has weakened in recent years primarily due to: The effectiveness of its "diamonds are forever" advertising campaign
The costs for rent, supplies, and employees' salaries were $1,100,000. What was the accounting profit for the new business? What was the economic profit (or loss)? Explain your calculations for both
what can be done to improve resource allocations, and what can government do, if anything? You are expected to write at least two paragraphs and at least four responses to classmate postings.
Marketing its new product at a price of $25.00 per unit; however, the average variable cost of the product is $30.00. Should this firm shut down? Why or why not?
Explain why each of the following statements are false. For each, write the correct statement. A monopolist maximizes profits when MC=P. The higher the price elasticity, the higher is a monopolist's p
What effect will the increase in bank reserves have on the money supply in each of the following situations? Explain in each case.
What would your pay before pay equity?What would it be after pay equity? What is the magnitude of your pay equity award?
Explain what effect a decrease in the money supply will have on the economy. In your graphs, clearly illustrate the short-run and the medium-run equilibria.
if the government increases government purchases, then in the process of adjusting to the new short-run equilibrium the money supply.
What are the 5 ways to develop strategic business and briefly discuss differentiate, customer-oriented, understand client's need, r/s platform and management, active marketing, etc.
where TC is total cost and Q is the quantity produced. What is the minimum price necessary for this fi to produce any output in the short run?
Why can't money have the same value and look in every country? Using a chart or table that makes sense to you, create a flow chart or table that describes the essential functions of banks.
If the government decides to enact a rent control policy, with a maximum price of $400, it reduces the quantity to 1500 apartments.
Describe your alternatives in terms of the characteristics of money markets instruments. Which of the money market instruments would you choose in each case? Why?
The town council has voted to impose a tax of $0.50 per six pack sold in the town, hoping to discourage beer consumption. Calculate Bud's profit maximizing output level after the tax. What is Bud's
let w denote price of the labour services. If the firm is required to produce 5 units of output, for what values of w would a cost-minimizing firm use only labour?
Assuming the market for granola bars is competitive, derive Sally's supply function? What is Sally's surplus if the market price is 6? What is her profit? Does she want to stay in this market? Expla
If the MPC increases, what must happen to the MPS? How is the MPC related to the consumption function? How is the MPS related to the saving function?
Compute the inflation rate for each year 1999-2001 and determine which years were years of inflation. In which years did deflation occur?
Determine whether each of the following would be considered frictional, structural, seasonal, or cyclical unemployment: A new college graduate is looking for employment.
Suppose that the U.S. non-institutional adult population is 230 million and the labor force participation rate (LFPR) is 67 percent. If 8 million adults are not working, what is the unemployment rate