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The demand for coffee increases and coffee producers begin earning economic profits. Assume the coffee industry is perfectly competitive. Compared to this new situation, in the long run how are the price of coffee and economic profits for coffee producers most likely to change? Hint: Read the question carefully. You are asked to compare the situation AFTER the demand increases to the long-run. A) Economic Profits Decreases & Price Decreases B) Economic Profits Decreases & Price Increases C) Economic Profits Increases & Price Decreases D) Economic Profits Increases & Price Increases
By choosing to right of mid point but to left of republican agenda democrats would get more than half of votes and win What happens if democrats have a fairly socialist party agenda and locate to left of midpoint.
Suppose you are deciding between the purchases of two cars: the $21,545 Ford Escape or the $25,740 Ford Escape Hybrid. The vehicles are essentially identical except the Hybrid gets 34 mpg while the regular Escape gets 24 mpg. a) If you drive 15,000 m..
What kinds of people are most likely to have their utility reduced by such a law. Why do you think that the government requires such insurance.
What is the impact of a tax cut in an economy operating under a flexible exchange rate regime on household spending, interest rates.
Why is your topic important? What is(are) the policy(s) that you are going to discuss in your paper? Identify the relevant literature
If the government imposes a tax on a competitive market with no externalities, then
What are efficiency, producer surplus, worker surplus, and total gains from trade? Why would we expect regional wage levels to converge? What happens to total gains from trade as regional wages converge? How do payroll taxes affect labor markets (i.e..
Allows the government to collect wealth for redistribution based on the amount of stored wealth that is being passed on in the form of an inheritance.
Radio City promises if you can find a lower advertised price for anything you bought at Radio City, anywhere in town within 30 days, it will return the difference plus 20 percent. A sophisticated game theoretic analysis suggests Radio City may be:
A risk neutral monopoly must set output before it knows for sure the market price. There is a 50% chance the firm's demand will be P=20-Q and a 50% chance it will be P=40-Q. The marginal cost of the firm is MC=Q. What is the expression for the expect..
How do fixed costs play a role in your analysis? What is the difference between shutting down and going out of business?
How many autoimmunity tests per year will have to be performed on the array machine to break even?
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