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Which of the following is a decision that follows the net marginal benefit principle?
a) Riding a roller coaster as many times as possible at a theme park.
b) Eating as much food as possible at a buffet to get your money’s worth.
c) Deciding whether to spend one more hour studying for an exam.
d) Choosing to give up eating meat due to concerns regarding the treatment of animals.
To what extent do politicians and politics affect or manipulate markets? Is it a major or minor factor? If it were a major factor, what would happen if such manipulation didn’t take place? If it were a minor factor, do you believe there is a major fa..
K.T. Labs bought a Gene gun for $25,000. The accounting department has estimated that the machine would have an annualized capital cost of $3,880 over its 10-year service life. What salvage value was assumed in calculating the capital cost? The firm'..
q1. from a random sample of 500 registered voters in la 400 indicated that they would vote in favor of a proposed
Microeconomics - study of individual behaviour - individual industry like education, meat industry, tourism and agriculture. Choose any ONE industry in Australia from this list and discuss the reforms been done in that industry. Cost of production- i..
Suppose you are a manager of a watch making firm operating in a competitive market. Your cose of production is given by C = 100 + Q2, where Q is the level of output and C is the total cost. The marginal cost is 2Q. The marginal cost of production is ..
Discuss what UPS’s business customers are looking for when committing to work with UPS?. How does UPS’s marketing and sales to business customers differ from working with its residential consumers? Discuss how the UPS story relates to the major conce..
Describe why the primary objective of maximizing shareholder value may actually be the most beneficial for society in the long run.
If the regulator wants to use a transferable emission permit scheme to achieve industry abatement of 50%: How many permits will it need to issue? If each firm receives one -half of the permits at no charge initially, explain what permit trading will ..
Consider the market for mustard, which is a complement to hot dogs. Suppose the price of pork, an input in the production of hot dogs decreases. Which of the following accurately describes how the mustard market is affected?
Show that the value of GDP at the point of spending balance is 6,000 billion. What proportion of investment is private saving? Government saving? Saving by the rest of the world?
Consider the Steve Rogers Corp., a monopolist selling the crime protection on two markets: Hydra and SHIELD. The demand of Hydra is QD = 25 − P/2 and the demand of SHIELD is QD = 10 − P/3. The cost function is TC(Q) = 1.5Q2. Determine the equilibrium..
Suppose that the depreciation rate increases in the Solow growth model. Using a diagram, determine the effects of this on the quantity of capital per worker and on output per worker in the steady rate, Explain the economic intuition behind your resul..
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