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There are 2 rival pizza stores called A and B producing Q1 and Q2 units of pizzas. Total cost for both of them is 3000$. If Q1>Q2 what can be said about the comparative average costs per pizza in these 2 stores?
One reason that we converted the basic production function as specified by Robert Solow, Y = F(K,L) to the form y = f(k), where y and k represent Y/L and K/L, respectively, is that this form:
In the current market structures, are there products that may be in the pure competition market structure in the real world.
What are some of the potential obstacles that can prevent a market from reaching the efficient outcome. Briefly define each obstacle.course hero.
When economic difficulties occur, the government sometimes intervenes Consider, for example, governmental intervention related to airline strikes and pricing. In your opinion, at what point should the government intervene in the delivery of health..
a) What is the break-even point in a pair of shoes sold for the company? b) What is the dollars sale volume the firm must achieve to reach the break even point?
Tax cuts or government spending? Debate heats up over best way to grow the economy. Larry Summers has an article in "Foreign Affairs" saying we're in a very unusual situation, you call it the liquidity trap. He calls it secular stagnation.
Who profit by this law. Under Illustrate what circumstances would restaurant voluntarily provide free transportation. Use a supply and demand graph to justify your answer.
If a country has the comparative advantage in producing cloth, in the market for cloth the autarky price would be _____ the world price and the country would _____ cloth.
Firms in which of the following market structures are NOT able to engage in price discrimination?
Briefly explain the relevance of quantatively measuring the competitive strength of each business in an diversified company's business
What would explain why moral hazard MIGHT NOT occur after the large gains in health insurance coverage?
Suppose that government imposes a $5 excise tax on each case of beer. Determine the equilibrium price and quantity before and after the tax. How much tax revenue does the government receive? What is the consumer’s tax burden? The producer’s burden?
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