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Consumers relative share of surplus is greater when (please draw it out and upload):
a. They face a competitive industry with increasing MC.
b. They face a monopolist with increasing MC.
c. They face a competitive industry with constant MC.
d. They face a monopolist with constant MC
e. They face a duopoly that competes on the basis of price, regardless of MC.
Andy and Bobbi each have a job that pays $100,000 per year. Andy has a 5% chance of contracting an illness that would allow him to only make $60,000 next year while Bobbi has a 10% chance. (i) calculate each person's expected income for next year. (i..
The monthly market demand curve for calculators among economics students is given by P=100-2Q, where P is the price per calculator in dollars and Q is the number of calculators purchased per month. If the Price is $30, how much revenue will calculato..
Explain how information technology (IT) contributes to high performance teams and learning organizations.
The United States Department of Agriculture (USDA) is responsible for managing and administering the national food stamp program. This program provides vouchers to low income families that can be used in place of cash to produce food at grocery store..
What command would you use to display a big text file called "bigfile.txt" to the screen so you scroll through the file line or a page at a time?
Evaluate the following statement using a work-leisure model: "Given the wage rate, an individual will always prefer a job in which the worker, as opposed to the employer, selects the number of hours worked".
if you deposit $1000 now, $3000 four years from now follows by five quartely deposite decreasing by $500 per quarter at an interest rate of 12% per years compounded quartely. how much will you have in your account 10 years from now?
What is the shop's average total cost of a shirt sold after the advertising begins?
If investors dislike of risk grows more intense while the risk-free interest rate is constant, will average expected rates of return rise or fall?
True or false. A decision to restructure the delivery of fully insured orthopedic services from a large number of local clinics to a small number of regional referral centres would be expected to reduce demand for orthopedic treatment. Explain. (H..
How early childhood theories build the foundation of values between families and educators.
Identify at least four key points of a relevant economic article from either the Strayer Library or a newspaper - Analyze the dynamics of supply and demand to anticipate market equilibrium.
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