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The intercepts made by a plane made on the coordinate axes are in the ratio 2:3:4. If the plane passes through(5,0,-2), find the equation of the plane.
According to the analysis of the British economist John Maynard Keynes,...
The unemployment rate is a deceptive indicator of the current and future state of the economy. How does the timing of lay off and hiring decisions made by companies describe the misleading characteristic of this indicator?
Explain why a monopolist can increase profits by practising price discrimination compared with using a single price to maximize profits? What are the different kinds of price discrimination?
Demand function Q = 20 - 0.2P, MC = 10 + 5Q, given that TFC = $2,000. Derive and equation for TC; Calculate the profit at the profit maximizing level.
If average variable prices are assumed to remain constant over a 10 percent increase in output, elucidate the effects of the proposed price cut on total profits.
Which economic system is best suited for handling a crisis of epic proportion (hurricane, flood, blizzard, forest fire, and so forth)? Why? Describe and explain why a socialist system might be the best in responding to the needs of people struck by..
The one-year real rate of interest is currently estimated to be 3 percent. The current annual rate of inflation is 2 percent, and market forecasts expect the annual rate of inflation to be 5 percent. Approximately, what is the current one-year nom..
Suppose Q is the quantity demanded for medical care services. The linear industry demand function takes the form.
Currently one argument against the continuation of state regulation of insurance and one argument.
One unit A is composed of two units of B and three units C. Each B is composed of one unit of F. C is made of one unit of D, one unit of E, and two units of F. Items A,B,C and D have 20 , 50, 60, and 25 units of on- hand inventory.
discuss the different economic theories of milton friedman. why was he important? has he helped or hurt our economy? if
A firm in a perfectly competitive market invents a new method of production that lowers its marginal costs. what happens to its output or what happens to the price it charges.
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