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First consider how marginal benefits and marginal costs fit in to Luke's decision, and how the concept of diminishing marginal utility is at work as Luke eats more and more eggs.
Some firms prosper by expanding during recessions what are the risks that they take are there circumstances in particular industries under which a more cautious approach might be advisable
A stable has all American Quarter Horses. There are 22 bays, 13 blacks, and 10 red duns. (Use these data for this question only.)
One more year passes, and the A-B free trade area negotiates a partial reduction in barriers to their trade with country C. Without drawing any additional diagrams, is this action more likely on net to generate trade creation or trade diversion? Expl..
Some argue that the government doesn't need affirmative action programs or other anti-discrimination policies because the profit motive provides sufficient motivation to eliminate discrimination in employment. Explain why this might NOT happen i.e. w..
Is the output produced sufficient to cover the factors of production when production is under: i) constant returns to scale (CRTS), ii) increasing returns to scale (IRTS) and iii) decreasing returns to scale (DRTS)?
The present value of a perpetuity that pays $F every year when the annual rate of discount is i is? Consider a three-year fixed-payment security that has a present value of $1,000. If the annual rate of discount is 7 percent, the payment made at the ..
Now assume that the economy is open and that the world interest rate is determined on the world market instead of in the domestic economy. Use a two-country model with initial current accounts equal to zero. How does an increase in domestic wealth af..
Explain is any outcome generated by a Nash equilibrium not generated by any subgame perfect equilibrium.
Calculate the cost elasticity of demand as well as for paint as well as show your calculations.
(The Long-Run Industry Supply Curve) A normal good is being produced in a constant-cost, perfectly competitive industry. Initially, each firm is in long-run equilibrium
For individuals who are holding money or fixed dollar value assets, inflation has the effect of:
Calculate national income. if there were 80 million people in this country, what would the GDP per-capita be? if all prices were to double overnight, what would happen to the values of real and nominal GDP? nominal____ real gdp____
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