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Besides the original definition what is your own definition of "opportunity cost"?
Does the law of diminishing marginal returns apply to this firm's production process. If so, explain why and find the quantity of labor at which diminishing marginal returns.
Impose a tax on imports of products from Mexico. This tax would be partially used to build a wall.
All else equal, if demand is relatively elastic and supply is relatively inelastic, a tax on a product will cause:
There are two markets with inverse demand in market one as P_1 = 20 – Q_1 and in market 2 as P_2= 12 – Q_2. The firm’s cost is 2?(Q_1 + Q_2). Find the profit maximizing levels of Q_1 and Q_2 when the monopolist can discriminate across the two markets..
Mr. and Mrs. Cally are in the process of buying a home for $240,000 and are considering the following home mortgage financing options: What is the expected home's value in 5 years? What is the outstanding loan balance in 5 years for option 1: ? for o..
Echo Corporation manufactures high-quality audio components, such as speakers, amplifiers, and receivers, for home entertainment systems. Echo has been losing market share in recent years due to the competitive pricing of other audio component manufa..
The Mundell-Fleming model takes the world interest rate r as an exogenous variable. Leti´s consider what happens when this variable changes. What might cause the world interest rate to rise? In the Mundell-Fleming model with a O¨xed exchange rate, wh..
Should it stay in business in the short run? Should it stay in business in the long run? Show your work and explain your answers.
During 2009, the demand for LCD televisions appeared to be falling. At the same time, some industry observers expected that several smaller television manufacturers might exit the market. Use a demand-and-supply graph to analyze the effects of these ..
q. an independent trucker has the following options. if he buys expensive machinery then he can hire fewer drivers to
A task is known to have an average time of 20 seconds and a standard deviation of 3.25 seconds. The task process has been re-structured
What is an option security? Describe the difference between a call and a put. Discuss the EMH. Describe the ‘strong’, ‘semi-strong’, and ‘weak’ forms of the EMH. Discuss what factors contribute the price of common stocks.
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