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Question: a. How do you know if there are economic losses for the perfectly-competitive firm?
b. When shall the perfectly-competitive firm shut down?
c. Draw the case of perfect substitutes for factors K and L for a map of isoquants. Add an isocost line, if you know that w/r > MRTS. Show the point of cost minimization. Explain.
A tax on cigarette production….
Deciding how many days to wait before doing your laundry.
for your next consulting assignment you are employed by the european trade commission to examine the consequences of an
The nation of Ectenia has 20 competitive apple orchards, which sell apples at the world price of $2. The following equations describe the production function and the marginal product of labor in each orchard:
Analyze the Political and Economic challenges. Analyze the Legal and Cultural challenges of each country. Explain your chosen Market Entry strategy.
Mary has borrowed $125,000 at 8% from her parents. She is asking Kevin for $75,000 to start her own business. Kevin requires that the business make a 12% rate of return. What is Mary's before-tax cost of capital?
Explain which graph in our collection - A, B, C, or D - illustrates the shift that you identify by describing the change in price and the change in equilibrium quantity.
Civilian Labor Force How would joining the armed services affect your participation in the civilian labor force?
Draw a standard supply and demand diagram which shows the demand for new housing units that are purchased each month, and the supply of new units built and put on the market each month.
Compute the price elasticity of demand for frozen orange juice between the price of $2.00 and $3.00. Is the demand elastic or inelastic?
Increases in the tax rate on income will always increase the tax revenue generated by an income tax.[Hint: Think about the tax rate effects incentives for income generation.]
What you liked and/or disliked about the book. What you plan to implement in your life. A financial quote that you liked from the book with the page number.
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