Please analyze the impacts of the following events on the equilibrium price and equilibrium quantity in the coffee market.
(A)Event one: consumer’s incomes decrease due to economic recession
(B)Event two: the price of imported coffee bean rises.
(C)Event one and Event two
Suppose a monopolistically competitive industry has 8 firms with identical costs.
(a) Given the data in the table below, calculate the long-run price and quantity
produced by the typical firm.
(b) Is the industry efficient or not? Draw a graph to illustrate your idea.
(c) Would this industry be more efficient if it were competitive?
average wage rate per worker is $15 per day of 8 hours. suggestions were asked from employees and award equivalent to three months savings in labor cost is passed on to the worker whose suggestion is accepted.
what is he amount of award payable to the employee
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