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Explain why you would expect supply curves to slope upward on the basis of the principle of increasing opportunity cost. Which do you think is more likely to be a fixed factor of production for an ice cream producer during the next two months: its factory building or its workers who operate the machines? Explain
What is a government budget deficit How does a federal budget deficit affect the economy Howdoes it affect the level of investment and interest rates How doesit affect the individual consumer
Neolithic Revolution
How might you determine whether compact discs and restaurant meals are in competition with each other and interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior;
give a numerical example to show that a monopolists marinal revenue can be upward-slping over prt of its range. hint
In today's economic climate, retailers are continuously conducting sales in order to get customers in their doors. Analyze the short-term and long-term effects of continuous sales to all stakeholders.
If the jeans sell for $35 a pair and the competitive market wage is $250 per week. how many workers should stone hire? how may pairs of jeans will the company produce each week
Does the structure of the drug industry have any bearing on the types of errors that drug firms are likely to make that is, would a drug industry made up of numerous highly competitive firms be more or less
Define the factor that estimate the slope of the LM curve and whether an increase in theses factor will make the curve flatter or steeper.
suppose we are given the constant returns-to-scale ces production function q k l1 where k represents capital and l
What is the Marginal Rate of Technical Substitution between labor and capital and what is the least cost method of producing the target level of output
suppose two competitors coa inc. and han inc. are locked in a bitter pricing struggle in the aluminum industry. in
Why should this employee probably choose to tell only some of the other firms rather than all of them and what factors will determine the best number of firms to sell the secret to?
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