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Fast food restaurants tend to cluster together. That is, on one corner, there may be four similar fast-food restaurants.
a) How game theory explain this behavior?
b) If you were the manager of one of this fast food restaurants, what could you do to maximize profits?
Production is accompanied by significant spillover costs. The government produces valuable goods and services at a low cost. The cost of living is lower in the country than is typical in the world.
A profit-maximizing firm in a competitive market is currently producing 100 units of output. It has average revenue so $10, average total cost of $8 and fixed cost of $200. what is the profit.
Is one approach more likely than the other to lead to a social optimum (i.e., be most consistent with consumer preferences for public and private goods)? What factors or conditions might favor one approach over another?
Consider the Russian ruble. In recent months, the value of the ruble has fallen considerably. The typical explanation for this is that political events, in the Ukraine, in particular, have made the future value of the currency difficult to predict.
The value of cross price elasticity of demand between goods A and B is 0.75, while the cross price elasticity of demand between goods A and C is -1.38. Characterize A &B and A & C as substitutes or complements.
apple inc. has made a rare fashion miscalculation they have produced 8000 neon green ipods but have sold almost none.
Social Security & Medicare programs are sometimes known as: A major difference between social insurance and income assistance programs is that: The primary reason that poverty declined is:? The wage gap between minority and non-minority workers?
lewis and martin are successful comedians who get utility u from consumption c. they each have the same utility
What is the marginal cost associated with two units of production and the law of diminishing marginal productivity
During the energy crisis of the 1970s, and again in the last 5 years, Congress bemoaned the "price gouging" and "windfall" profits of the major oil companies. In the 1970s Congress imposed an "excess profits tax" on these co..
1.why cant all the balance of payments accounts be in surplus? what factors determine the demand for british pounds in
Create a mind map with possible requirements for the project using software (Coogle is one free option). Print your mindmap.
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