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Describe in your own words how a perfect competitor maximizes its profit, and why its profit is zero in the long run?
Microeconomics, Economics
Question: During the decision-making process, individuals' are faced with a choice and subsequently forced to forgo other alternatives as a result of resource constraints. Whether the resource is time, money, or any othe ...
Question: During the improving economic conditions of 2015 and early 2016 much additional construction of homes and condos throughout much of the U.S. took place. This provided a significant increase in the income of wor ...
Question: The investment tax credit was designed to increase the ratio of capital spending to GDP and hence boost productivity growth. The credit was introduced in 1962, and although it was temporarily suspended in 1966 ...
Question: TORI is planning to buy a car. the maximum payment she can make is $3400 per year, and she can get a car loan at her credit union for 7% interest. assume her payments will be made at the end of each year 1-4. o ...
Question: Interest groups with normatively "good" causes often use profesisonal lobbyists; this is evident from AARP's expenditures. Do you believe there is an ethical issue with interest groups using lobbyists? Why or w ...
Question: Analyze the nominal and real concepts, and apply these concepts to Gross Domestic Product (GDP). Determine the elements that affect the reporting of the GDP. Compare and contrast the reporting of GDP in nominal ...
Question: According to the Bird and Borio readings, global economic imbalances arise over time and are often the usually the result of financial or structural economic imbalances that manifest in external imbalances. Wha ...
Question: 1) Is GDP a good way to measure a county's wellbeing? In other words, if a country has a large GDP, should one conclude the residents of that country generally have a high quality of life? 2) What causes "rich" ...
Question: The association between excess weight and higher absences, medical fees, and benefit costs is clear. What is the meaning of this relationship regarding weight discrimination for the many individuals who are ove ...
Question: My question would impact of demonitization on rural and agrarian economy, it is said that digitization would rise, however to it implementation would be at faster pace in urban and its fringes. How would rural ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As