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Question: Discuss the consumer surplus today. We now live in a time where taxes have been reduced and surplus is up. You can pick any product, be sure to use at least one example. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.
What is the joint significance of the country indicator variable and the level of development in explaining variation in the level of energy intensity.
assume that the low-calorie microwavable food company from assignments 1 and 2 wants to expand and has to make some
suppose there are two states that do not trade iowa and nebraska. each state produces the same two goods corn and
Assume also that South Africa is a net importer of maize and imports maize mostly from the US. The FOB at US Gulf port is US$350 per tonne (1 tonne =1000 kg). Assume freight, insurance and unloading (FIU) cost at Durban is 150 Rands per tonne.
Explain with the use of diagrams where appropriate how perfect competition leads to allocative productive and dynamic efficiency - Why is the case and how is this related to game theory scenarios such as the Prisoner's dilemma?
Evaluate whether the strategy currently used by your industry, as discussed in previous sections, appears to be sustainable over time.
Sketch the regions where the vector field points in different directions. What are the equilibrium points for this system?
what impact would a change that shifts an economys production possibilities curve outward have on the long run
A firm is currently producing 30 units of output. At this level of output produced: Its average total cost is 110 (ATC =110) The market price per unit of output
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Suppose that (a) through (d) are all true for this economy and you also know that full employment output in this economy (Yfe) is equal to $1000. What is the equilibrium level of output for this economy
What are the key elements of the scientific method and how does this method relate to economic principles and laws
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