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Classify the following goods by category (private, public, common, monopoly) and explain why:
a) Pizza
b) Congested road
c) Uncongested toll road
d) Schools
e) Street cleaning
f) Over the air broadcast
g) Music downloads
h) Basic research
Explain why do changes in bank reserves resulting from open-market operations by the fed produce multiple changes in checkable deposits in the economy.
q. suppose that at the equilibrium price and quantity the marginal revenue is -15 and the price elasticity of demand
Two firms, A and B, compete à la Bertrand when selling a homogeneous good whose demand equals P = 400 − Q. Each firm’s constant marginal and average cost of producing the good equals 60. What is the equilibrium without a patent system? Is the patent ..
Your job as assistant manager is to identify which farms will supply each market in order to minimize the transportation costs - However there are many other variables at play in your decision that you must go out and identify or estimate.
Every student is expected to create an original response to the open-ended DB question as well as engage in dialogue by responding to posts created by others throughout the week. At the end of each unit, DB participation will be assessed based on ..
U space equals space ln space c space plus space left parenthesis 0.25 right parenthesis space ln space c apostrophe and the budget constraint: What is the optimal value of current consumption c*?
The demand function for a firm’s product is Q = P-3. The firm’s marginal cost of production is constant at MC(Q) = 12. (a) Calculate the elasticity of demand, as a function of Q. what is the firm’s profit-maximizing price? what is the firm’s profit-m..
The demand for a new drug is given by equation Q = 150 - 3P (where Q is bottles of medicine and P is the price per bottle in dollars). The slope of the demand curve is -1/3. What is the equation for total revenue? What is the equation for marginal re..
Illustrate the way in which market forces shape the organizational responses using a range of examples.
If a competitive firm fails to maximize profits, which of the following statements are true and which are false?
Which of the following is (are) true about the loanable funds market?
Rank stocks, bonds and (Treasury) bills from least risky to most risky, in terms of historical volatility of realized returns. a. stocks, bonds, bills b. bonds, stocks, bills c. bills, stocks, bonds d. bills, bonds, stocks e. stocks, bills, bonds
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