Q1. Assume that restaurant charges $11 / meal for 180 meals as well as that the marginal cost of the 180th meal is $8 in long-run equilibrium. Explicate what is the size of firm's revenue?
Q2. The World economy and the U. S. are still in a period of high and slow growth unemployment. As we in the U. S. are previously in an election year, does the Political Business Cycle still exist? Do current politicians use to manage and influence to get reelected? Is this a "valid" use of political power? How does this impact business firms? Discuss.