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If a specific subsidy (negative tax) of s is given to only one competitive firm, how should that firm change its output level to maximize its profit, and how does its maximum profit change?
Digital camers have taken over the majority of the point-and-shoot camera market. One of the important features of a camera is the battery life as measured by the number of shots taken until the battery needs to be recharged.
How does CVP analysis help management in the planning stage of a new business? How does CVP analysis assist the decision makers of an existing business?
Test the intercept estimate for significance at the 95 percent confidence level. If Proposition 103 has no impact on auto insurance premiums in any given county, what percent of voters do you expect will vote for the proposition
Use Shephard's lemma to compute the constant output demand functions for inputs l and k.
Assume the demand function for basketballs is given by QD=150-3P+0.1i where P=the price of basketballs and I=average income of consumers. Also, assume the supply of basketballs is given by QS=2P. If the market for basketballs is perfectly competit..
Assume you eat the Big Mac outside in a public park. You realize that the Big Mac tastes pretty bad. Due to that you get upset. You toss the food on the lawn in the park and walk off. Does your behavior now create an externality? Might there be a jus..
(Automatic Stabilizers) Often during recessions, the number of young people who volunteer for military service increases. Could this rise be considered a type of automatic stabilizer? Why or why not?
50 years ago a set of gold plated dinnerware cost $55, lastyear you inherited it. unfortunately if was destroyed in ahouse fire. the Aurum Flatware Cost Index (AFCI) was112 fifty years ago, today it is 2050.
How would your answer to part (a) change if you ignore the profit earned after the patent expires?
If tempering results in the decomposition of martensite, why should we form martensite in the first place?
A bullock cart can travel at the rate of 4 kmph for the first two hours of a trip. After the firsttwo hours, the bullock cart's speed drops to 3 kmph. How many hours will it take thebullock cart to travel 20 km?
Suppose worker productivity increased at the rate of 1.9% per year. If the labor force grew by 1.5% per year, what rate of increase in RGDP would be sustainable without increasing inflation pressures
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