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Given that the firm is a "price taker" meaning they have to accept prices in the market, based on the horizontal demand curve, is the demand curve also the marginal revenue curve?
Explain what is the differences between accounting and economic definition of profit.
q1. game theory colonel blotto has three partitions through which to defend 2 mountain passes. his challenger also has
Historically, young French workers (under age 25) have had relatively high unemployment rates: 21 percent in 2005. In 2006, the French government proposed to allow employers to fire young employees without cause (a labor restriction). How should this..
Explain why scarcity leads to trade-offs. What determines the slope of the consumption choice budget constraint? The labor-leisure budget constraint? The intertemporal budget constraint? Does the economic approach specify what choices people should m..
When the incidence analysis of a tax increase incorporates the assumption of an offsetting decrease in another tax, we call the analysis
The coin in then flipped repeatedly until a head appears. Let X be the number of flips necessary. Find the probability mass function of X.
What is the intertemporal budget constraint in this model? Explain why some terms have the slope of the budget constraint as a divisor? What does the Ricardian equivalence theorem say? Assuming government borrow-ing is substituted for present-period ..
The closed innovation model is in place when a business is developing all of its own new ideas, technologies, and endeavors completely in-house.
If these rates continue for long periods of time, how many years will it take for Mexico to catch up to the living standard of America?
Briefly describe the impact of a tariff on the welfare of consumers, producers, and the nation in the case of a small country and perfect competition.
One plan to raise money for Texas schools involves an “enrichment tax” that could collect $56 for every student in a certain school district. If there are 50,000 students in the district and the cash flow begins 2 years from now, what is the present ..
What are some of the best production decisions for Apple Watch?
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