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Suppose that a restaurant offering Ethiopian cuisine opened in a well diversed city. And became a great success. What would you predict would happen in the restaurant market for that city?
Draw a graph illustrating the likely changes in the shape and position of the demand curve facing the original “Ethiopian” restaurant in the above problem.
Suppose a freeze in Florida destroys part of the Florida orange crop. a. Explain what happens to the price of oranges and the marginal product of orange pickers as a result of the freeze.
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in the following one-shot game if you advertise and your rival does not you will make 20 million in profits and your
Joe Brown’s dairy operates in a perfectly competitive marketplace. Joe’s machinery costs $500 per day and is the only fixed input. His variable costs are comprised of the wages paid to the few workers he employs at the dairy and the grain he feeds to..
historically shifts towards a more expansionary monetary policy have often been associated with increases in real
questiona consider the following flows in thousand of people between the various labour market states in a particular
it is unfair but true that bad things happen. unfortunately when people expect bad things to happen they often make
Most countries import substantial amounts of goods and services from other countries. Yet the theory says that a nation can enjoy a high standard of living only if it can produce a large quantity of goods and services itself..
Microsoft Monopoly--Why was Microsoft investigated for antitrust behavior Do you agree or disagree that Microsoft was trying to gain monopoly power in the computer software industry Are monopolies always bad
How can minimum wage laws, which are suppose to help workers, have a negative impact on producers and the economy?
Explain it in depth like the last time.
What is total U.S. government revenue from the tariff and if trade opens up, what will be the quantity of U.S. imports?
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