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Describe the regulatory control levels (in regards to health care)?
Suppose a firm produces two goods, pizzas and subs. Let Qp represent the number of pizzas produced and Qs represent the number of subs produced. The firm's cost function is given by TC= 4 + 12Qp + 4Qs. Calculate the average incremental cost for pizza..
Anthony is considering the purchase of used car. The price, including the title and taxes, is $9,530. Anthony is able to make a $2,530 down payment. The balance, $7,000, will be borrowed from the Credit Union at an interest rate of 9.25% compounded d..
What is a "Public Good?" Is innovation a "Public Good?" In your answer, you may wish to refer to the concept of "technology bias", to the importance of knowledg
Winston Churchill once thought that democracy is the nastiest form of government except for all others.
There are two identical firms in the industry, which set their quantities produced simultaneously.
Write the aggregate expenditure function. How much is the autonomous expenditure in this economy in billions of dollars?
A shop has the following production function: f(E,K) = 2E3/5 K1/7. Find the short-run profit maximizing level of labor demand if capital is fixed at 30 units. Find the long-run profit maximizing level of labor demand and capital demand.
Explain why it would generally not be considered wise economic policy for a government to attempt to achieve a balanced
In its third year, its cost function is C(Q)= 64 + 2q2 with MC= 2Q In each year the firm produces at its MES. (a) Work out the MES in each year.
There are two general forms often used in time series decomposition analysis: additive model and multiplicative form. Give the expressions for them. When would you use additive model or multiplicative model in time series decomposition? Discuss.
Your company is contemplating bidding on an RFP (Request For Proposal) for 100,000 units of a specialized part. Why might the amount be more than the requesting company actually wants?
Since both taxes and subsidies create deadweight loss to society, why are they used to correct negative and positive externalities? Ensure to explain
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