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Q. Some economists argue that in long-run equilibrium under conditions of monopolistic competition re is economic waste because price is greater than marginal cost and average total cost is not at a minimum. How would it be possible to ‘eliminate' this waste? What would we have to give up?
You have an income of $40 to spend on two commodities. Commodity 1 costs $10 per unit, and commodity 2 costs $5 per unit, illustrate what is the budget equation.
Suppose that if you get contract, you estimate that you can win another project for two more units. Now what is your break-even price for those two units.
Provider A charges $120 per month for the service regardless of the number of phone calls made.
Would the employee be better or if, instead of the health insurance, she was given a £100 per week pay increase which would be taxed at 20%.
Elucidate Average costs are minimized when marginal costs are at their lowest point.
Explain why are changes in inventories included as part of investment spending
Assume to fruit-picking can be done by children or adults, but to adults are twice as efficient as children
The publisher sold the textbooks to university bookstores nationwide for 3 million euros. The university bookstores received 4 million euros from students in exchange for the books.
Elucidate any of the assumptions required for the Coase Theorem likely to be violated in an important way.
Illustrate what are the key determinants of Spectrum Healthcare Resources fixed cost and variable cost in short-run.
Evalute with 95% confidence the decrease in percentage support between now and 6 months ago.
Describe the difference between Economic contraction and Economic expansion
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