My order:
1- No plagiarism, no match please.
2-You can find the instructions inside the doc
3- Please write a paper in the document
4- Write a report on whatever you use to research and what you write in a different document because we will discuss it separately in class
Write at least 8- references using the APA style.
Noticeable:
Please use simple language
Put the in-text quote in each.
Additions within the document
Assignment Questions:
Q1. You have been hired as an economic consultant by a price-taking (a perfectly competitive) firm that produces T-shirts. The firm already has a factory, so it is operating in the short-run. The price of T-shirt is $9, the hourly wage is $24, and each T-shirt requires $1 worth of material. The following table shows the relationship between the number of workers and output of T-shirts.
Workers
10
11
12
13
14
15
Output
5
29
41
47
50
52
Labor cost
Material cost
Fixed cost
$2
$2
$2
$2
$2
$2
Total cost
Marginal cost
Note: For answering question-1 (a) and (b) students are required to show all possible calculations.
Q2. See around you and pick up a firm which is either dominating the market or trying to create monopoly.
(a) Write in brief about the firm chosen and explain how the firm is trying to create a monopoly or dominating the market? (2 points)
(b) Elaborate your opinion, why we as a society should worry about a firm trying to create a monopoly? (2points)
(c) Discuss some policy options a government could have to intervene in such market and prevent the monopoly creation. (2points)
