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Ceteris paribus, an increase in the earnings of high school graduates would be expected to cause the number of people attending college to: A. increase. B. decrease. C. remain unchanged. D. change in an unpredictable manner.
Price discrimination is a pricing strategy whereby a firm's prices for the same or very similar goods vary for customers in different markets. This can help the firm attain more profits compared to charging a single price. For example, a movie theath..
What branch of ethics does the general form of this question belong to, “Under what conditions (if any) is a particular action morally permissible?”
In an" Economics in Action" section of ch.11,Krugman/Wells talked about "The Mythical Man-Month," What industry and job did this section talk about? What pitfall of logical thinking was described in the section? Why did this problem arise?
If a firm is producing where MPx/Wx > MPy/Wy, where x and y are the two inputs to theproduction process, what can the firm do to reduce costs but maintain the same output? Explainyour answer both intuitively and graphically.
These options also sell for $3 each. Strategy C is to establish a zero-cost collar by writing the January calls and buying the January puts.
A country’s annual growth rates over a 10-year period are shown in the following table. Year Growth Rate 1 5 2 3 3 4 4 -2 5 -3 6 3 7 4 8 5 9 6 10 2 What was the country’s trend rate of growth over this period?
indicate for each price whether the firm will produce, shut down, or be indifferent between the two in the short run, and whether it will make a profit, suffer a loss, or break even.
The firm increases its entire size until it makes 30,000 units a week. What would total cost be if the firm faces constant returns to scale?
Explain how the following events will affect the demand for money according to the portfolio theories of money? demand: The economy experiences a business cycle contraction. Brokerage fees rise?, making bond transactions more expensive. Explain how t..
q. a a country recently passed food stamp legislation. qualified households are given food stamps which can be used to
Each firm can monitor the other's price very closely and can respond instantly
Explain how international trade increases economic efficiency and how trade barriers and tariffs inhibit efficiency.
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