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The theory of the profit maximizing firm presented in the lecture notes is designed to illustrate the marginal concept. The theory suggests that firms (including our generic fishing enterprise - ABC Fishing Inc.) adhere to an economic axiom rather than alternative business strategies. Why might our generic enterprise not follow the "marginal rule" in their fishing behaviour in any given fishing season (hint - how might they react to a change in the ocean and/or business environment in which they operate).
Other things equal, what effects would each of the following have on aggregate demand or aggregate supply? In each case use a diagram to show the expected effects on the equilibrium price level and the level of real output.
Elaborate upon your company's belief that this form best serves its legal interests. Do you agree that it does? Explain
Provide examples of businesses taking advantage (profiting from) the recent drive to “go green” (environmental consulting, etc). What are the advantages and disadvantages of going green for a company? What are the differences between John Maynard Ke..
Suppose that you just paid $9.91 monthly interest compunded daily on $1,000 outstanding balance on your credit card.
If the pressures for the currency to appreciate persist, would it be difficult to maintain the fixed exchange rate?
Describe the difference between the treatment of steve's owner-occupied house in Haig-Simons deffinition and in the current income tax code.
q1. for each of the following events answer the following1 how would this event affect the money supply?2 what sort of
Consider the housing market described by these equations: Find the equilibrium price and quantity. Calculate the consumer and producer surplus.
Total consumer surplus can be measured for good X by:
What is the relationship between a country’s political/economic environment and risk? What about corruption? Please provide examples to support your post!
how long would it take to pay back the investment for the required expansion? b. If sales are expected to increase at a rate of 15% per year, how long will it take to pay back the expansion?
Why is there so much advertising in monopolistic competition and oligopoly? How does such advertising help consumers and promote efficiency? Why might it be excessive at times?
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