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Suppose you discover that average fixed costs are $2 and average variable costs are $7. Indicate what the firm should do.
To better identify increasing price of textbooks, dean asks you, economics Department's star student, to create an index of textbook price. Average student purchase three English, two math and four economics textbook. Prices of these books are giv..
The Immediate lyric Division accused Microsoft of forcing consumers to buy Internet Explorer whenever they bought Windows
Consider a small country that exports steel. Assume that a "pro-trade" government deicdes to subsidize the export of steel by paying
Also, 40% of cell phones are both Flashy and owned by Hipsters. Finally, if a cell phone is owned by a Granny, the probability of it being Dull is .98. What is the probability that a cell phone is both Dull and owned by a Hipster.
What is the point price elasticity of demand at a price of $70? What is the point price elasticity of demand at a price of $60?
If you were to learn that a bottle of gatorade increased in size from 2009 to 2010, should that information affect your compute of the inflation rate.
Calculate the output level and price that maximizes total revenue.
Explain is a high degree of market concentration a boon or threat to consumers. What is the strongest argument on either side.
Explain how much shelter can she buy if she purchases 2 units of food.
Which approach to motivation would you apply to encourage female associates in your firm to "self-promote" more actively. Explain your choice of approach.
how much of the differences in output per worker between Spain and India can be explained by differences in total factor productivity and how much can be explained by differences in capital per worker.
The price paid by buyers increases by $2 and the after-tax price received by sellers falls by $3. The government is able to raise $750 per month in revenue from the tax. Elucidate deadweight loss from the tax.
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