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With aid of diagram differentiate between a price ceiling and a price of floor as goverment intervention measures to market failure.
on their own firms have little incentive to invest in pollution abating technologies such assmokestack filters a
why is the monopolistic competitors demand curve more elastic than a pure monopolists but less elastic than a pure
consider a perfectly competitive market in long-run equilibrium where all firms operate under the same cost conditions.
Use the Malaren's series expansion to estimate the demand curve by a quadratic function. Hence find the equilibrium price and quantity.
Reformulate the topic as a research question, wherein you ask a specific question of interest that will then be researched. Formulate three hypotheses (educated guesses) about how you think the question will be answered.
Rationing List five items you would like to buy. How does the price of each item affect your decision to allocate scarce resources-your money and your time?
In defining development to include more than just the growth of per capita income, there is an implicit assumption that the growth of per capita income.
Do you think that Business practices in an Islamic country are likely to differ from Business practices in the United States? If so, how? Recognize why many economics believe that unrestricted free trade between nations will raise the economic welfar..
Calculate the present value of the costs and the present value of the benefits of each career path assuming an interest rate of 3% and then again at an interest rate of 10%. Which of the career paths should she pursue under each interest rate?
A firm has two plants, one in Mexico and one in the United States and it cannot change the size of the plants or the amount of capital equipment. The wage in Mexico is $5. The wage in the U.S. is $20.
Is there sufficient evidence to indicate a difference in the average starting salaries of assistant professors at the three types of doctoral-granting institutions? Use the table in the text to bound the p-value.
In a peak-load pricing situation, explain why, at the optimal capacity, peak users would pay a price in excess of long-run marginal cost whereas off-peak users would pay a price equal to marginal operating costs.
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