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Describe the factors that drive profits to zero in perfectly competitive markets in the long run. Explain carefully the incentives that drive the market to a long run equilibrium.
The world's largest carpet maker has just completed a feasibility study of what to do with the 16000 tons of overruns, rejects, and remnants it produces every year. The company's CEO launched the feasibility study by asking, why pay someone to dig co..
Why would the gov't want to limit gas price increases? Isn't that exactly what we want to happen (price increases), to allocate scarce resources? Is the gov't in the 'price control' business, and if they are, how does this work, in free-market capita..
When the crisis hit the world financial system, XYZ felt the shock inevitably. In any case, XYZ's government couldn't afford to bail out its bank that had gotten so much bigger than its economy. Explain what happened to this country when the world fi..
Suppose that you never carry cash. Your pay check of $1,000 per month is deposited directly into your checking account, and you spend your money at a constant rate so that at the end of each month your checking account balance is. What is your averag..
Describe the type of product or service offered by the company. Describe the type of data that will be contained in a relational database managed by the company.
Which of the following phenomena can a nation expect when it opens (more widely) to international trade?
Suppose that you have homothetic tastes that happen to have the special property that indifference curves on one side of the 45-degree line are mirror images of indifference curves on the other side of the 45-degree line. Suppose that your tastes can..
week 10 profit please respond to the following determine two to three 2-3 reasons why vectorcal may not always receive
Due to ever-accelerating technological growth, _________________ unemployment is on the rise worldwide.
q1. explain why is dispute among international dependency and the neoclassical counter-revolution schools referred to
When it comes to the goal of eliminating absolute poverty and income inequality, most economists would argue that
Open-market operations have a fairly unpredictable effect on the supply of money. The Federal Reserve undertakes open-market operations on an infrequent basis. Open-market operations are extremely rigid.
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