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?
1935166
Questions Asked
3,689
Active Tutors
1445410
Questions Answered
Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!
How can I rephrase this paragraph? The exploration between the "Personal unconscious" and the "Collective Unconscious" in C.G. Jung's perspective
Question: Explain the four attachment styles and the effects of negative attachments on preschool and school-aged children.
Maria, a clinical mental health counselor, has been working with a client, Emily, for several months. Emily is a 32-year-old woman who recently went through
Can you please summarize the key points related to Post-Traumatic Stress Disorder (PTSD) as classified in the DSM-5, including its criteria
Teenagers understand well that death is inevitable and that they themselves will die one day. What typical adolescent behavior seemingly contradicts this knowl
Which of Greer's responses to impending death is Jamila demonstrating? Need Assignment Help?
Question: Education is important because it helps children develop their cognitive, behavioral, and psychomotor skills.