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Question: Ignoring rationing problems and black markets, under rent control (or any price ceiling that produces a shortage) the price paid by consumers equals the marginal cost of producing the good. Does this mean the output level is efficient? explain
What is the difference between the auto industry of the 1950's and today. Has consumer surplus been affected in any way due to the changes in the auto industry structure, and if so, how?
Why is the concept of scarcity important to the definition of economics? (2). Why is choice important in economics? What are the costs of choice?
There is a solution that is 3.5×10-2 M in HCN (Ka=4.9×10-10) and 1.0×10-2 M in NaCN. Calculate the percent dissociation of HCN in this solution.
If a cost/benefit matrix were created for this situation, what is the value of a false negative outcome?
Dollar General Corporation operates 16,000 small retail stores in the USA. It has been relatively successful in some niche markets but stockholders expect incre
We always see the price of Gas Fluctuates from time to time. Write 2 pages explaining the role of the forces of supply and demand in this fluctuations.
Assuming the population is roughly symmetric construct a 95% confidence interval for the mean annual consumption of alcoholic beverages by European young women.
Elucidate which major reasons justify the importance of country risk analysis for the investment portfolios.
Leadership styles and practices have evolved over the last century in response to changing work environments and employee needs.
What factors do you think determine the type of compensation firms choose?
What is the Nash equilibrium of this price setting game between Shell and Mobile and what is the Nash Equilibrium of the game? Is the solution a result of free riding?
Calculate the per capita GDP for each country. Which answer is correct?
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