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True or False and provide explanation for each:
1) The price of the nth good on the supply curve tells you the cost of producing the first n goods.
2) If a good does not produce any externalities, then any economically efficient allocation must also be technically efficient.
3) If individuals paid all of their own medical costs, banning smoking in public places would eliminate the negative externality of smoking.
The market demand curve for a monopolist is as follows: Q = 18000 – 400P Marginal cost of this firm is $ 20 and is constant. Find the profit maximization level of output and price. Find the revenue maximization price and quantity.
What personal and professional standards guide your response to the challenges of high pressured sales goals?
Use the following project information. (a) Calculate the completion time for the project.
The government imposes an excise tax on the sale of all toothbrushes. Before the tax, 2 million toothbrushes were sold every year at a price of $1.50. After the tax is imposed, 2 million toothbrushes are sold every year; consumers pay $2 per toothbru..
Compared with a drip system, a new type of infusion pump reduces the cost of administrating chemotherapy from $25 per dose to $20 per dose. The complication rate of each system is two percent. Which should you choose? What sort of analysis should you..
If prices of x and y are doubled while the income remains the same, the budget constraint:
Firms that can identify two types of consumers can price-discriminate perfectly. Firms can price-discriminate only if there is zero competition in the market. Firms that price-discriminate will not reach higher profits.
Use the data provided below to calculate each of the following: the size of the labor force, the unemployment rate.
q.1. assume that you are to estimate the costs of eithera project proposal to construct a dam in your local area for
Don Garlits is a landscaper. He is considering the purchase of a new commerical lawn mower, either the Atlas or the Zippy. Construct a choice table for interest rates from 0% to 100%.
q.government budget constrainta write the governments lsquolifetime budget constraint assuming its lifetime is just
Much to his dismay, Adam's trash gets picked up every Sunday morning at 7 AM. The trash truck makes a lot of noise and wakes Adam up
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