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Would discovering a large oil reserve affect the AS curve for the long-run, short-run, or both? Explain.
Consider a good whose consumption takes place publicly. On what factors would your decision to buy that good depend.
You are manager of Bonnie=s Unknown Lexicon Lists, Silly Hat Incorporation Tapestry Company. A company dedicated to making tapestry and upholstery fabric. Determine profit maximizing quantity of upholstery.
q1. assume that a leader country has real gdp per capita of 40000 whereas a follower country has a real gdp per capita
An industry which generates detrimental externalities will have a marginal social cost higher than the marginal private cost to the industry.
Is the plan simple and succinct? Is it easy to understand and act on? Does it communicate its content clearly and practically? Is it not unnecessarily long? Is the plan realistic? Are the sales goals, expense budgets, and milestone dates realistic?..
A firm’s total cost function is TC = 2q^2 + 5q +10 . The firm is a price taker and the market price for its product is $25. How many should it produce to maximize profit? How much profit?
How high should a monopoly set its prices in order to maximize profits? When you post a response to this question, place it in the context of one of the following examples:
What effects would each of the following have on aggregate demand or aggregate supply, other things equal? In each case use a diagram to show the expected effects on the equilibrium price level and the level of real output, assuming that the price le..
she a reservation wage of $1,500 so that wage package is W = 1,500 + .2 Q where the CEO sets the incentive at .2 and Q = 200 e. If the CEO increases the incentive from .2 to .25, what happens to the Nelson's effort? Will profits rise or fall?
The law of diminishing marginal utility states that:
The private marginal benefit associated with a product's consumption is PMB=360-4Q and the private marginal cost associated with its production is PMC=6Q. Furthermore, the marginal external damage associated with this good's productions is MD=20. Cal..
Suppose a bank discovers its reserves will temporarily fall slightly short of those legally required. How might it remedy this situation through the Federal funds market? Now assume the bank finds that its reserves will be substantially and permanent..
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