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Discuss what happens to Marginal Benefit (MB) and Marginal Cost (MC) curves of Insurance in the following cases:
A) Insurance Premiums decreases
B) Amount of loss covered by the insurance decreases
C) What happen to the equilibrium insurance level for both
Conclude the supply function also inverse supply function for good X. Graph the inverse supply function.
Draw the demand curve and show the values of the price and quantity intercepts using the linear equation for Qx=28,000,000-Px divided by 1000.
Explain the difference between a person's nominal income and their real income. Why is real income more important to that person.
Considering political disposition as an axis of product differentiation does vertical or horizontal differentiation best categorize it.
Keeping all elsr constant their answer would likely differ. How do you guess the interviewed will answer? Does the diference in response matter?
You can now think of the firm as using two additional inputs, pollution vouchers and smokestack filters, to produce x output legally. Does the overall production technology now have increasing, constant, or decreasing returns to scale?
Explain how to get the producer surplus. What about the area that lies beneath the x-axis.
Explain the multiplier concept as it applies in this case. Illustrate what are the qualifications and limitations of the Multiplier Model.
Derive IS curve by one of standard methods used in Macroeconomics. Explain in writing to illustrate what market your derivation brings equilibrium and explain how it accomplishes this.
comparing the company's cash records with the monthly bank statement reveals several additional cash transactions. Calculate the correct balance of cash?
Derive the short run total cost, short run average cost also short run marginal cost as functions of output q.
Explain how does price elasticity of demand for corn oil influence quantity-demanded of corn oil and Total Revenue earned by sellers of corn oil.
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