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Explain the different possible profit outcome for a perfectly competitive firm in the short-run versus the long-run. Explain why they occur.
Suppose demand for a product Q = 1,200 - 4P and supply is Q = -200 +2P. Furthermore, suppose that the marginal external damage of this product is $8 per unit. How many more units of this product will the free market produce than is socially optimal? ..
If a person works, he or she should contribute 0.55% of the earnings as the UI premium. In addition, his or her employer contributes the same amount. Wage rate is w, which means if an individual devotes L to work, he or she earns y=Lw. Solve the prob..
A small manufacturing firm is considering purchasing a new boring machine to modernize one of its production lines. Two types of boring machine are available on the market. Determine the break-even annual O&M costs for machine A so that the present w..
Suppose that Raphael, an economist from a university in Arizona, and Susan, an economist from a university in Massachusetts, are arguing over budget deficits. Despite their differences, with which proposition are two economists chosen at random most ..
A firm has a production function represented by: q=L^(.75)K^(.25). Find a function for how much capital and labor a firm should hire to produce a given level of production in terms of the price of labor, w, and the price capital, r.
A student is buying a new car. The car’s price is $19,500, the sales tax is 8%, and the title, license, and registration is $650 to be paid in cash. Instead of buying the car now, the student has decided to save money in equal monthly amounts for 48 ..
Calculate the Golden Rule level of capital per effective worker and the saving rate associate with this steady state.
What is marginal rate of substitution between flour and rice. What is amount of rice and amount of flour he should be consumed to maximize his utility.
hebron and stack discuss the fragmentation of nations - the rise of smaller units within a nation. while this is
this question uses the general monetary model where l is no longer assumed constant and money demand is inversely
State the null and alternative hypotheses and explain how you develop these two (2) hypotheses.
Discuss the strategy of your organization according to the specificities of your business environment - Explain how your organization can achieve significant cost savings and marketing benefits through the use of the internet technology.
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