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Explain the implications of marginal cost pricing and average cost pricing. Why are these important results in a purely competitive industry? Explain.
Describe the provider's equilibrium salary and how many nursing units it will hire.
Why is it that in production sometimes after a certain point increase in inputs leads to less return?
A severe drought has make a shortage of tomatoes. Jim makes his own barbeque sauce. One of the main ingredients of his sauce is fresh tomatoes.
Balance of payments identities. Recalling the balance of payments identity, CA + FA + ORT ≡ 0, answer the following questions. If CA > 0 and the central bank is neither accumulating nor decumulating foreign exchange reserves, what must be true abou..
What nation did you choose and why does this county interest you. What are some facts about this country.
Assume you have a negotiation between Management and Labor concerning Labor wages. Management and Labor do well when they each do the opposite of what other does.
The argument of Adam Smith was that some nations were richer than others not because of innate differences across races but because of economic and historical factors. Draw your forethought on this.
Why is it that firms can earn profits in the long run in monopoly and oligopoly but not in monopolistic competition and perfect competition?
Discuss what type of foreign investments would be best for the economy's PPF. What are the opportunity costs of these decisions? Include what will happen to private and public choices as the economy grows.
Would a commercial banker be willing to lend money to the Abramses? How much? On what do you base your answer? Would this venture have any appeal for a venture capitalist? Why or why not?
The demand and supply curves for T-shirts in Touristtown, U.S.A., are given by the following equations.
Find the profit-maximizing price and output of the new monopoly.
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