The economic phase with conditions making it easy for consumers to buy homes, cars, and other goods is called (Points : 1) expansion. trough. peak. contraction.

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Which of the following has the lowest exit/entry barrier? a. Monopolistic competition b. Monopoly c. Perfect competition d. Oligopoly

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If total cost increases from $50 to $90 as output increases from 20 to 25 units, what is the marginal cost of the twenty fifth unit of output?

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Steve buys a new coat from Don's clothing store. Don buys coats from Mary's factory, and Mary buys her material from Sean's mill. The cost of Steve's coat will go up if the workers in Sean's mill...

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Peter, who is currently working in a job paying him $50000 a year, is considering opening his own clothing store. To do so, he would have to quit his current job and take over a store building that...

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FJ is contained in plane R, BC and DE are contained in plane S, and FJ, BC, and DE intersect at A. its hard for me

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Given the demand function of a monopolist operating two plants is equal to Q=400-4p and cost functions for plant A is equal to C=20Q and plant B is equal to C=0.5Q² Assuming the monopolist...

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An electrical component manufacturer has the following: Price (£) received for each component sold:5 Fixed costs (£):20,000 Constant marginal...

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Assume an economy’s annual money velocity in circulation is 10. Please answer the following two questions: a. If the annual nominal GDP is $200 trillion, how much money supply are enough for money...

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Mr. Hassan demand function for rice is given by x=15+m(10p)^-1 where x=amount of rice demanded,m=income of the consumer,p=price of rice.Originally the income of Mr.Hassan is 4800 per month...

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Economic Statistics I Does anyone have a formula for these type of problems?

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mr hassan demand function for rice is given by x=15+m(10p)^-1.where x=amount of rice demanded,m=income of the consumer,p= price of rice.Orinally the income of mr hassan is 4800per month and the...

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Price=$20, Quantity=400units, Unit cost=$15, implicit cost=$4,000 Please explain your answer.

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The optimization rule in the short run, a firm will increase the variable factor up the point at which its MRP (MRxMP) is equal to the price of the input (MRP for labor=P for labor=wage rate). A firm...

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Assignment 2: LASA 1: The Costs of Production A small firm in the agricultural industry, Joseph Farms, Inc., has researched limited data for their firm. They are asking you to help them complete...