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Indicate wherther the following statemnets true or false, and why?
"An increase in fixed costs might affect a firms decsion to produce or not but would not affect its profit-maximizing output"
Define the Demand Curve, and distinguish between Demand and Quantity Demanded. Define the Supply Curve, and distinguish between Supply and Quantity Supplied. Define Equilibrium in an economics context. (A statement such as “balance” is insufficient).
Let’s say that there are many non-traded goods relative to traded goods. You are comparing the income of a rich country to the income of a poor country. For the poor country, do you expect PPP-adjusted income to be higher or lower than income calcula..
Ryan expects to deposit $1,000 now, $3,000 four years from now, and $1,500 six years from now in an account that is earning 12% per year compounded semi annually through a company-sponsored saving plan. What amount can he withdraw ten years from now?
Which is a screen against adverse selection?
Brainstorm the issues and list some pros and cons of offering financial incentives for donating human organs. Then take a side in the debate and write a short paragraph or two supporting your position.
Are credit cards money? Explain. Why do we accept money as payment? What affects the value of money? What is the purchasing power of dollar? How higher prices affect purchasing power of dollar?
If the? long-run average cost curve continuously slopes upward as output? rises, minimum efficient scale would be
Suppose you have the generic demand curve. Calculate demand using the current market conditions. Is P1 a substitute or complement? (Why) Is P2 a substitute or complement? (Why) Is this product normal it inferior to Income? (Why)
A sinking fund is established by Alliance, Inc., at 8% interest compounded semiannually to meet a financial obligation of $1,800,000 in 4 years. What periodic sinking fund payment is required every 6-months to reach the company's goal?
Describe "how" producer surplus is measured?
Do you believe that noncompetition agreements should be allowed in regard to healthcare professionals, and why or why not? Assuming these agreements are allowed, what do you believe are reasonable restrictions as to time and geographical limits?
The inverse demand curve for widgets is P = 130−2Q. There are two firms, A and B, who produce wid- gets. Each firm has a constant marginal and average cost of producing the good that equals 10. What is the Cournot-Nash equilibrium? You need to solve ..
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