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What do you think about a tax on soda and junk food just like there is "sin" tax on cigarettes and alcohol? Do you think this would work to deter parents and children from consuming so much soda and junk food? How can you use the concept of Elasticity to explain this?
Do opportunity cost play a role in people's decision to specialize in certain activities. What describe the price at which trade takes place.
Total industry sales are $105 million. Top four firms account for sales of $10 million, 9 million, 8 million and $5 million, respectively. What are four firm concentration ratios.
Consider the first price auction. Write down the payoff matrix also find all Nash equilibrium
The commercial banking industry in Canada is less competitive than the commercial banking industry in the united states
Changes in the macroenvironment affect individual firms and industry through the microeconomic factors of demand, production, cost and profitability.
Elucidate why a system of marketable polution permits leads to less costly pollution abatement and a higher concentration of polluted areas tha a command - and control system.
In January, root beer and orange soda each cost $1 a bottle. Judith's income is $20. She buys 5 root beers and 15 orange sodas. In February, the price of root beer falls to 50 cents, the price of orange soda increases to $2 and Judith's income remain..
The aggregate marginal cost function for the other manufacturers of polyglot. Illustrate what is the total market Demand for polyglot at the price established by Alchem in Part
If the mutual fund will average 9% annual return over the course of your career, explain how much can you expect at retirement.
School tries to discourage Twinkie consumption by raising the price to $.40, by how much will Matt's mother have to increase his lunch allowance to provide him.
Goods and services that are not sold in markets, such as food produced and consumed at home and some household articles, are generally not included in GDP
Suppose Firm X is a monopolist and is receiving positive economic profits. Illustrate what prevents other firms from directly competing away the profits.
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