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Despite our elegant models of supply and demand analysis, in real life some prices don’t adjust to changes in market forces right away. Which are typically the slowest to respond?
A new firm successfully enters a three-firm Cournot oligopoly without changing the demand and cost structures. The new price becomes:
In the past, some people believed that the Federal Reserve routinely expanded the money supply during presidential election years in order to stimulate the economy and help the incumbent president. For this question, assume that the Fed increases inf..
What is the point elasticity of demand at equilibrium? -What is the marginal revenue at equilibrium?(use equation connecting MR and P) If marginal cost is constant $8 dollars, should we keep producing and selling? until which point we can keep produc..
The term "unemployment rate" in economics refers to:
By using calculus show that the production function exhibits diminishing returns to labor.
The affordable care act made important changes to the law of government programs and to the law of fraud and abuse. Please explain what changes were made and what programs this involved specifically.
The Earned Income Tax Credit (EITC) provides a cash sub sidy for every $1 earned by individuals with one child who have incomes below $39,296 per year. How might the EITC raise an individual’s overall work effort? How might the EITC lower an individu..
Assume that major wheat producers in the world increased their land under wheat by 30 percent. Graphically show the effect of increase in land under wheat on the grain market.
q.assume which the abc corporation has a production and sales capacity of 1000000 per month. its fixed costs---over a
How can you benefit from taking a management science course? What decisons do you think you can use a Linear Programming model to solve when you become a manager?
The EU is a regional integration. Please discuss the option to develop from a free trade area to a common market and a currency union. The planned Transatlantic Trade and Investment Partnership (TTIP) is a free trade area. Please discuss the impacts ..
Discuss a situation in which both parties entering into a contract could benefit from slightly ambiguous language contained in the agreement.
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