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.
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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?
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Explain the risks of not reporting the results of your forensic assessment findings accurately. Provide specific examples.
Read "The Effect of Tart Cherry Juice Compared to a Sports Drink and Cycling Exercise Performance, Substrate Metabolism, and Recovery" from University Library
Identify and analyze one resource that provides information regarding services for dealing with and treating substance use and abuse in youth or adolescence.
Discuss how culture may influence one's perceptions. Provide an example of how culture may impact the interaction between a patient/client
Write an essay describing your achievement of a goal and your friends or family member's achievement of a goal using motivational theory
Pets can have a therapeutic effect on people; they seem to have the power to calm the anxious and cheer the depressed. Give three reasons
Review Chapter 12 and consider how your culture has impacted your worldview and personality. Pay particular attention to the section on characteristics of Cult