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How much the quantity of a good traded changes after a shift of the supply curve depends on the size of the shift.
a.the slope of the demand curve.b.the size of shiftc.whether the market is subject to price controld. all the above
Maritime Insurance Company offers insurance policies for recreational boats.
Assume that the resource and output markets are both competitive, and that it is possible to hire fractional units of the resource. Explain how many units of the resource will a profit-maximizing firm hire.
Using this demand function, find the total revenue function. What is the shape of the total revenue function.
21st century insurance offers mail-order auto mobile insurance to preferred risk drivers in the Los Angeles area.
A firm's marginal revenue is $133 and its marginal cost is #90 illustrate what amount of profit does the firm fail to pick up by refusing to incease output by one unit.
Illustrate for the 100 new homes will be within $10,000 of the population mean.
Clarify why might the Homo sapiens production possibilities curve have shifted outward to right much more rapidly than persons of Neanderthals.
Then, in the year after the 10 payments are made, you will receive 10 annual payments of $500 each. Your personal discount rate is 7.5%. Should you purchase the insurance product?
They are all highly populated areas with target markets suitable for your products. One factor is which there several formidable competitors in all of the areas
What is this firms total cost function, average cost function, average variable cost function and marginal cost function.
Explain and graphically illustrate the effects of the tax cut on aggregate output, consumption, employment and the real wage.
Also the economy has G = $1100, I = $404, and XN = $15. Unemployment in the economy is currently 5.2% and inflation is 0.1%
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