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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In Module Three, you will analyze HR strategic engagement initiatives for attracting, retaining, and rewarding employees.
According to contingency theory, each public organization may require a different style of leadership. Discuss to determine an appropriate leadership approach
Do you agree or disagree with the statement that successful leaders are born, rather than made through training? Explain your reasoning.
Analyze how professionals use educational philosophies to guide their actions in response to a social or political movement.
Who were the First Americans? Where did they come from, and why did they migrate to North America? How were they able to travel from the Eastern Hemisphere
Pretend you were a colonist who believed Britain would compromise, granting colonists more rights. Would this speech have changed your opinion?
Describe the four-stage policy-making process in passing the Water Quality Improvement Act of 1970.