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At the market price of $12.50 per unit, the firm's marginal cost curve crosses the marginal revenue current an output level of 1,000units. What is the firm's current profit? what is likely to occur
We know that many companies have management training programs in which new trainees are paid relatively high starting salaries and are not expected to make substantial contribution to the company un
Most economists agree that the immediate determinant of the volume of output and employment is the:
Which ones are required to fight inflation? What are some of the downside risks and potential problems involved when using fiscal policy?
If diamonds are produced by perfectly competitive firms, what quantity of diamonds will be produced? How much profit will the perfectly competitive firms earn? If diamonds are produced by a single mon
Find the (Nash) equilibrium prices of the procedures at the hospital. After the merger, find the profit maximizing monopoly prices of the procedure at each hospital. Does the merger result in price in
Summarize the four variables using graphical and statistical measures. Discuss the results. Use scatter diagrams to show the relationship between total gross sales and each of the other three variab
Which of the following arguments is the president using to justify the trade restriction on ball bearings?
How much money does Nancy spend each month on perfume and spring water? Illustrate Nancy's monthly expenditures on the demand curve figures.
Why might one person work more earn more and pay more income tax when his or her rate is cut while another person will work for less earn less and pay less income tax under the same circumstance?
Is a monopoly always the best market structure for maximizing shareholder wealth? Why or why not? Can you think of conditions under which perfect competition would be preferable?
Suppose the Clean Springs Water Company has a monopoly on bottled water sales in California. If the price of tap water increases, what is the change in Clean-Springs' profit-maximizing levels of out
Both antitrust policy and industrial regulation deal with monopoly. What distinguishes the two approaches? How does the government decide to use one form of remedy rather than the other?
If all firms in a market have identical cost structures and if inputs used in the production of the good in that market are readily available, what would the long-run market supply curve for that go
A 110,000 chemical plant had an estimated life of 6 years and a projected scrap value of 10000. After 3 years of operation an explosion made it a total loss. How much money would have to be raised t
Explain the nature of competition in a market that is characterized by a high barrier to entry and a significant product homogeneity
Explain the decline in deficits and subsequent surpluses in the late 1990's. Explain the return to deficit spending since the turn of the century.
Write out two different examples of closed-end questions you might use for a market research survey.
Consider what might be the unintended consequences of regulation? Who would benefit, who would suffer from regulation? How would the effects affect all levels of wage earners?
An improvement in paint quality increases the area that can be covered per hour (by either brushes or rollers) by 20 percent. How does this technological improvement affect your answers to part b? A
Which of the following Gini ratios indicates the highest degree of income inequality?
A ham and cheese sandwich at the local deli costs$3.99 in 1991.If the CPI in 1991 was 90.o and the CPI today is 110.0,the euaivalent price for the ham and cheese sandwich today is?
What banking regulations are designed to lower adverse selection and moral hazard problems
If you sum the squares of the market shares of each firm in an industry (as measured by percent of industry sales), you are calculating: A. the four-firm concentrated ratio B) the Herfindahl index.