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Describe the economic phenomenon of agglomeration. How does this concept relate to international trade, foreign direct investment (FDI), and immigration? Would you expect incomes around the world to become more equal as a result of agglomeration-induced trade, investment, and migration? Why or why not?
Can you determine precisely by how much producer surplus has increased as a result of the $14.82 increase in the average fare? If you cannot be precise, can you determine whether it will be less than, or more than, a specific amount?
Diminishing marginal utility explains a lot about consumer behavior in the economy. Select a specific consumer behavior and construct a "mini case study" that highlights the workings of marginal utility and how it affects the consumption pattern.
Assume that both the equilibrium price and quantity of golf clubs rise. Which of the following explanations would best explain this outcome?
consider a monopolistically competitive market with n firms. each firms business opportunities are described by the
An investor is considering buying some land for $100,000 and constructing an office building on it. Three different buildings are being analyzed.
explain how the discovery that standing forest land decreases atmospheric carbon levels affects the welfare generated by the logging industry. For the sake of argument assume that lowering carbon levels is desireable.
In the 1960s and 1970s, research funding by the U.S. government and some universities led to revolutionary advances in network computing. These advances in communication and network technology remained largely isolated to governmental and academic..
1.using demand and supply curves show the impact of the followingmake sure you label your axis your supply and demand
discuss the types of barriers to entry and explain whether each type is likely to provide long-term monopoly power.
what is the effect on the price of a recordable cd and the quantity of recordable cds sold ifa. the price of an mp3
question 1 a partial income statement from sizzling foods inc. is shown belownbspnbspnbsp 2011revenuesrevenue from
How does the standard economic view of rationality relate to the concept of bounded rationality Which seems more realistic What does your answer imply about economic models
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