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-Investigate two distinct countries in which you believe inflation of private goods prices has persisted from the time of the pandemic to the present.
-How inflation affected the unemployment in the country?
-How were the people able to survive?
To what extent can the government reduce healthcare costs by attempting to improve inefficient hospitals?
Assume that the distribution of heights of all 6-years old is approximately normally distributed. Find the 90% confidence interval for the population mean of µ
A) Find the long run total cost curve if A = 1. B) What happens to the total costs if A = 2 instead? Explain.
Write a page at least a couple of paragraphs of reflection. What have you learned about your country during the course?
1. Why is the equality of marginal revenue and marginal cost essential for profit maximization in all market structures? Explain why price can be substituted for marginal revenue in the MR = MC rule when an industry is purely competitive.
Which of these three pricing choices yields the greatest profit to MedDevices? How much is the profit difference between these choices?
Marginal cost is the change in _____ cost resulting from a one-unit change in _____. Suppose the marginal cost curve in the short run first decreases and then increases. If marginal cost is decreasing, _____ must be _____ and _____ must be _____.
Suppose total benefits and total costs are given by B(Y) = 100Y - 8Y2 and C(Y) = 10Y2. What level of Y will yield the maximum net benefits?
Find a purely/perfectly competitive industry. State why this industry is a purely competitive market. Give examples as to why. Please use the dropbox to submit your extra credit assignment.
Many economies impose restriction on international capital flows. Assuming that such restrictions limit the scope for arbitrage between domestic and foreign bonds, thereby effectively making such bonds poorer substitutes for each other, explain how t..
Using the marginal cost pricing model determine the price for each pillow.
The World of Videos operates a retail store that rents movie videos. For each of the last 10 years, World of Videos has consistently earned profits exceeding $38,000 per year. The store is located on prime real estate in a college town. World of Vide..
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