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If a potato farmer expands output, he finds that the increase in total revenue is less than the increase in total costs. This means that:A) Profit is being maximizedB) He should not have expanded outputC) He should produce even more outputD) The firm is wasting resourcesE) The farmer should go out of business
Assume good rainfall has resulted in a bumper harvest of wheat. Using demand and supply analysis and graphs, explain how this will impact on the equilibrium price and quantity of:
How much more does the government have to spend to buy up the excess supply?
M is the monopolist selling goods G. M's cost function is c(y)=4y where y is total production of G. Some of M's potential customers are members and get the member magazine with coupons.
Which project would you select, calculating on the basic of the benefit-cost ratio on incremental investment - tourism project justifiable according to the benefit-cost analysis?
a examine your y data excluding the hold out period to determine if it needs to be differenced to make it stationary.
Determine what type of monetary policy has the Federal Reserve been using for the last year easy or expansionary, tight or contractionary, or neutral or non-involvement)?
What externalities are associated with air travel? Assess the impact of air travel on renewable and non-renewable resources. Are the skies an example of open-access overuse?
Which variables typically are negotiation points in an LDC multiyear restructuring agreement (MYRA) How do changes in these variables provide benefits to the borrower and to the lender
Identify the market structure in which this organization competes
Thirty percent of employees at the Conroy Insurance Comapny travel to work on the bus and will arrive at work hours late whenever the bus system fails. a sudden snow storm has shut down all bus service in the city.
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A firm is focal point for a set of contracts. Explain the problems that (1) agency relationships, (2) asymmetric information, and (3) adverse selection can introduce to building a successful contract between two people.
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