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Explain how a price increase could be better for society than not raising the price of a product or service.
Why does central planning not work efficiently?
Explain how much tax revenue does this tax create. Illustrate what proportion of the tax is borne by consumers.
Find out the optimal prices, the number of tickets sold in each area and the seller's profit given that the seller wants to serve all consumers.
What is elasticity of demand for hamburgers at equilibrium. What are consumer surplus and producer surplus at equilibrium.
Derive the short run total cost, short run average cost also short run marginal cost as functions of output q.
Explain why do the Average Variable Cost curve and the Average Total Cost curve become closer as the quantity increases.
q.1. real wages and productivity-are workers paychecks keeping up? over the long run traditionally real wages grow at
Each point along the market demand curve shows
Assuming that all of each firm's $16 fixed cost is sunk, what is a firm's short-run supply curve?. What is the short-run market supply curve? c. Determine the short-run equilibrium price and quantity in this industry.
Annual percentage changes in real GDP (economic growth) and compute the shares in real GDP of consumption, investment, government spending, exports and imports. Estimate changes in economic growth and in the component shares.
The division managers of Chester Construction Corporation submit capital investment proposals each year for evaluation at the corporate level. Typically, the total dollar amount requested by the divisional managers far exceeds the company’s capital i..
Which one is more effective comparing with the tools of fiscal policy?
If a country is currently producing 11 units of health care and 16 units of education, what is the opportunity cost of producing 5 more units of education?
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