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a limited supply of natural gas to consume (assume that no natural gas will be created in the future). Assume the demand for cubic feet of natural gas is given by the equation, P=350-5Q, the extraction of natural gas has a constant marginal cost o..
Find the long run equilibrium price of a hammer and the number of hammers made by each firm in long run equilibrium. Find the number of firms which exist in this market in the long run
Draw the production possibilities curve for time. On one axis put sleep time and on the other put awake time. You have 24 hours available in a given day. Indicate the combination that describes your allocation today.
show how the minimum wage affects unskilled labor market. is labor market perfectly competitive? can you find any
At the beginning of this year, daily consumption of gasoline in the US amounted to 344 million gallons. It is estimated that for every 10% increase in the price of gasoline, the demand for gasoline reduces by 2.00%.
a doctoral student has just completed a study for her dissertation and found the following demand and supply schedules
How might the combined carbon tax and dividend scheme change the household's consumption bundle and its wellbeing relative to the pre-tax situation?
many executives will save an organizations money by not having auto insurance on the fleet of company vehicles whereas
The goal of all capitalists is to dismiss the competition and gain market power. a) Explain why that might be hurtful for the economy, though not for everybody, clearly stating who wins and who loses in the presence of monopolies.
sub-temp inc. offers modular freezers to restaurants and other institutional buyers. each freezer is a self-contained
using the vc industry in the u.s as the global benchmark for success in launching start-ups develop strategy for a
Discuss the optimal method for procuring a modest number of standardized inputs that are sold by many firms in the marketplace. What are the primary advantages and disadvantages of using this method to acquire inputs.
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