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What will happen to the price of corn oil? How does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil? Explain, using economic terms, why this is so.
Explain how high must the deductible be to encourage low-risk behavior
Elucidate why a firm might want to produce its good even after diminishing marginal returns have set in and marginal cost is rising.
Illustrate what are the fours upply factors of economic grwoth. what is the demand factor? What is the efficiency factor.
Elucidate what is michelle's opportunity price of producing 200 potatoes in a year. what is michelle's cost of producing 50 chickens in a year.
Elucidate how events such as the World Trade Center and Pentagon attacks described in the case study affect the aggregate demand curve.
Elucidate what is the new market price. How many Frisbees are sold angry students marched to Washington, asked Frisbee price.
Elucidate the Total Cost also the firm total profits. If the above monopolist were to behave like a perfectly competitive firm (operating in the long run), determine its output.
they both can earn 10$ an hour they both have non-labor income of 300$ per week and they have 110 hours per week of non sleeping time. Who would works the most hours also how much do each of them make per week
Carefully explain how these two deficits are related economically so that changes in one are reflected in changes in the other.
Discuss the capture of the regulatory agency and your prediction as to the capture of the replacement regulatory agency and the politicians in the future.
Elucidate what happen to the prices of oranges and marginal product of orange pickers as a result of a freeze. Can you say what happens to the demand for oranges pickers. Why or why not.
At his current consumption basket, his marginal utility for hot dogs is 5 and his marginal utility for sodas is 3.
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