Consider a perfectly competitive market where all firms have constant and equal average cost (a constant cost industry). How will an increase in demand affect the long run equilibrium price on such a market?
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Firm X uses capital and labor to produce its nal product. For every unit of a product, 1 unit of capital and 2 units of labor are needed. If labor and capital both cost $2 per unit, what is the marginal cost of producing the 18'th unit of a product?
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In this diagram, you can see the income distribution in Bolivia in 2020 based on the available microdata. The dashed line is the cumulative income (left axis), colorful bars represent income of all percentiles (without accumulation, right axis). What is the closest estimate of the Gini Index?
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The demand for good X on a monopoly market is given by Q = 100 - P, the cost function is TC = Q2 + 5. How will the monopolist's output change if the government introduced the price ceiling at 50?
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You can often hear the success stories of investors who earn a lot of money at the stock market. At the same time, the stories of many failures remain untold. This can create a wrong impression that investing in the stock market is always profitable. This logical fallacy is called...