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In the former Soviet Union, people often resorted to black market transactions preferring them over waiting in long lines for goods and services. This fact seems to suggest that saving time is part of the consumer surplus derived from buying goods.
A manager of a monopoly firm notices that the firm is producing output at a rate at which average total cost is falling but is not at its minimum feasible point. The manager argues that surely the firm must not be maximizing its economic profits.
Industries used to make capacity, production, inventory and staffing decisions based on long-range forecasts.
An economy is in long-run macroeconomic equilibrium when each of the following aggregate demand shocks occurs. What kind of gap-inflationary or recessionary-will the economy face after the shock,
i lend you a 1000 today and you agree to pay me 1100 one year from today. you are going to buy a computer with the 1000
What are the prospects for profitable investments in financialmarkets? Do markets follow a random walk so that profits are mostlya matter of chance? Is it possible to outguess the market? What arethe best investment strategies?
What would this event makes the demand for the dollar to increase or decrease relative to the demand for the pound.
Illustrate what would each political philosophy of utilitarianism, liberalism, and libertarianism likely suggest should be done in this situation.
Scorching heat and the worst drought in nearly a half-century are threatening to send food prices up, spooking consumers and leading to worries about global food costs. On Wednesday, the government said it expected the record-breaking.
Based on your research, AT&T has spent over $15 million on related paperwork and compliance costs, Moreover, depending on the locale, telecom taxes can amount to as much as 25 percent of a consumer's phone bill. These high tax rates on telecom ser..
In the coordination failure model, suppose that consumers preferences shift so that they want to consume less leisure and more consumption goods. Determine the effect on aggregate variables in the good equilibrium and the bad equilibrium.
Elucidate what are some economic conditions that affect the cost of money
The inverse market demand curve is P=140-Q, and inverse supply curve is P=20+Q. Now Assume a commodity subsidy of $20 is given for each unit of production.
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