Long-run equilibrium and demand
Suppose a perfectly competitive, increasing-cost industry is initially in long-run equilibrium and demand suddenly increases. Explain how the demand change affects price and quantity and who benefits from the increased demand.
Expected delivery within 24 Hours
Draw the normal form for a second-price sealed-bid auction. The set of strategies for each player should include $0,$2,$4,and $6. Solve the game (in other words, find the optimal bidding strategy for each player.
We can use the asset approach to both make predictions about how the market will react to current events and understand how important these events are to investors. Consider the behavior of the Union/Confederate exchange rate during events affect
Write a 350- to 500- word paper in which you relate the concepts in this week's readings to a prior real world experience. The experience does not necessarily have to be work experience. Discuss the market equilibrating process in relation to your
Suppose that a firm produces 200,000 units a year and sells them all for $10 each. The explicit costs of production are $1,500,000 and the implicit costs of production are $300,000. The firm has an accounting profit of:
Suppose that a firm's only variable input is labor. when 50 workers are used, the average product of lavor is 50, and the marginal product of the 50th worker is 75. the wage rate is $80, and the total cost of the fixed input is $500. what is avera
The idea is to improve the love life of these citizens and enhance their quality of life. Present an economic reasoning why this action, despite is unusual nature and comic undertone, might be beneficial to the society.
Since the September 11th attack there has been an increase in the demand for security personnel-police, air marshals, airport security, etc. How do you think the higher demand has affected the equilibrium wage? In which direction do you think the
What would the neoclassical economists and the new dissidents have to say about the former Bush Administration's efforts to push forth a Free Trade of the Americas with our South American, Central American and North American neighbors?
1954223
Questions Asked
3,689
Active Tutors
1439843
Questions Answered
Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!
demonstrate your mastery of the following competency: Analyze the process of unionization and collective bargaining in an organization.
Pick A Fiscal Policy Part 1: Explain the pros and cons of your selected fiscal policy. Include supply-side economics in your explanation.
Select a technique/concept regarding Cost Management and Cost Systems and develop a real- world application paper. Select a company that you work for now
Choose two to three concepts from the course that are reflective of the strategic allocation of resources. Describe how those concepts are reflective
Your topic should be based on an applied business problem and research questions developed to address the applied business problem.
Assignment: Compose a memo outlining the most important provisions of the FLSA to your employees. Include exemptions.
How does economic forecasting help you make better decisions about personal spending, investment, or other financial goals you may have?