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Explain the short run and long run profit maximizing position for a perfectly competitve firm, a monopoly, an oligopoly, and a firm with monopolistic competition. Also include the dynamics of moving form a short run to a long run equilibrium.
Business Economics, Economics
what does the term the Ten Principles of Economics and how it's applied to the consumer buying trends?
Tom's income is $480and he spends it on two goods, X and Y. His utility function is U = XY. Both X and Y sells for $8 per unit. a. Use lagrangian function to calculate Tom's utility-maximizing purchases of X and Y. b. I ...
You have an opportunity to buy a bond with a face value of $10,000 and coupon rate of 14%, payable semi-annually. NOTE: Interest per 6-month period is 7% of Face Value (i.e. $10,000x0.07 = $700 per 6-month period). (i) I ...
If we compare and contrast the four market structures, it is evident that one market structure is most practiced and evident in the United States. It is the one that promotes and strives on competition. It is the one tha ...
Imagine you've started a new pizza restaurant. It costs you about $6 to produce a pizza. Last week you sold 500 pizzas for $12 each. This week you raised your price and sold 375 pizzas for $14 each. What price should you ...
Some Statistics students were interested in finding out in there was a relationship between the number of hours of study for a chapter and the score on that test. On the basis of the number of hours their classmates stud ...
Give examples of how Domino's has adapted its global marketing mix to meet the needs of local consumers. Are you their customer? If so, why?
A population has a mean=72 and a standard deviation σ=28. Find the mean and standard deviation of a sampling distribution of sample means with sample size n=49.
The diameter of Ping Pong balls manufactured at a large factory are approximately normally distributed with a mean diameter of 1.30 inches and a standard deviation of .04 inches. Use Excel to calculate the probability of ...
Suppose that you generate a random number between 0 and 1. (So all numbers are equally likely to come up.) a. Draw a probability distribution function for this situation. Label the axes so it is very clear! b. What is th ...
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