Entries by Hannah Wangui

monopolistically competitve firm

Question For a monopolistically competitve firm in long run equilibriumA) The demand curve must intersect the average total cost curve at the ATC curve minnimum B) The demand curve must be tangent to the average total cost curve at the ATC curve minimum C) At the profit -maximizing quantity, the demand curve must intersect the […]

 

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The Interest rate

Question Bob used to earn $40,000 per year in his job as a nurse but he quit to open his own pizza shop. Bob used $10,000 from his own savings account and borrowed $200,000 more from his bank. The Interest rate is 4%. In Bob’s first year of business he earned $80,000 in revenue and […]

 

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Which of the following is most likely to shift the PPF in and to the left?

Question Which of the following is most likely to shift the PPF in and to the left?A. A nationwide flue epidemic B. An increase in the unemployment rate C. The discovery of a new technology D. A change in the preferences of the country’s population Please explain your answer   Looking for a Similar Assignment? […]

 

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the quantity demanded and quantity supplied

Question QD=500-2PQS=-80+3Psuppose the actual market price of digital cameras is $128. what is the quantity demanded and quantity supplied at this price?   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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