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Suppose a hugely successful web company has utilized free economics, expanded its scale of operations also spread its long-run costs over larger also larger audiences. After years of profits, the company's profits fell continuously. Using production costs theory, describe why this situation might be occurring.
Purpose of this course is to improve your economic decision making and increase your productivity as an employee or entrepreneur.
The U.S. imposes a quota of 45 million units per month on this good and what will be the price U.S. consumers will pay for the good now?
The government is considering increasing the tax on gasoline by $3 per gallon and has asked you to determine the impact on Janet's consumer surplus. Janet spends 5% of her income on gasoline and her utility function is Cobb-Douglas.
Please put the quantity of Good X on the horizontal axis, and the quantity of Good Y on the vertical axis. Be sure to label your graph carefully and accurately. What is the slope of the budget constraint?
what happens to the indifference curves when a households income is reduced?questionwhat is a budget constraint? how
Through periods of inflation, all prices increase. Inflation rates differ across regions mainly because of differences in housing prices.
Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound money supply, a low saving rate, poor capital base, and lack of foreign exchange. Explain how these problems are inte..
Draw a picture showing both the marginal cost curve and the total cost curve for Fangorn Inc - Can you conclude something more general about cost curves when marginal costs are constant?
a college admissions officer for an mba program has determined thathistorically applicants have
How does the introduction of cognition into a consumer's choice among healthy and unhealthy food affect marginal utility per dollar and the quantity of healthy and unhealthy food consumed? Suppose utility is maximized. Will a price ceiling always res..
When war broke out in the Middle East, many markets were affected. Most of the worls's oil production takes place in this region and what happens in the market for oil; and (ii) what happens in the market for sports utility vehicles as a result of ..
consumption300imports30government purchases150exportsnbsp80gnp700nbspnbspgross private dom. invest.100nbspnbspusing the
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