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In the same breadth please help with the irrelevant cost concept, and what it means especially when i comes to the decision making of a firm. I don't seem to grasp it correctly or accurately. Please help me.
Compensating differentials explain in part: how unions derive their bargaining power; why some people choose to aquire more human capital thatn others; how the income and substitution effects interact;
Note from the table that when the professor announced that the textbook would be required, the buyer value for each of the buyers increased by $8. According to the model of supply and demand, which statement best describes what happened to the equili..
q1. what is the adam smith statement about invisible has well as by m. parkin book micro economics?q2. why is it
Suppose a Bertrand oligopoly market structure consists of 8 firms and their TC = 45,000=200Q and Q=150-P/4. find the equilibrium level of output. determine the equilibrium market price.
Describe the different types of unemployment and their causes, explaining how an individual would be affected as the unemployed person in each case.
Suppose you bought a 2-year, 2%-coupon-rate, $100-face-value Treasury note at a market price of $98. The yield to maturity on this note is _____%? Please show all work.
In the country of Republic of Texas indirect taxes are $4,664, corporate income taxes are $9,824, transfer payments from the government to households are $9,403, personal income taxes are $5,723, the interest paid on the debt of the government is $9,..
A flowchart that will prompt the user for the input of a total sale amount and then calculate the sales taxon that total sales amount.
suppose that the aggregate expenditure curve can be expressed algebraically as AE=3,000 - 2,000r where AE is aggregate expenditures and r is the real interest rate expressed as decimal. You check the website of the Congressional Budget office and lea..
The price of twinkies fell from 0.80 to 0.70.As a result,the quantity demanded of Ho-Ho's decrease from 120 to 100. Illustrate what would be the appropriate elasticity to compute. compute this elasticity.
You own a large collection of fine wines. You are considering liquidating these assets. You predict that the value of your collection will rise in the next few years. If you assume your cost of capital to be 10 percent, when should you sell your coll..
A market is served by a dominant firm and many smaller firms. These smaller firms act as price takers. Market demand is given by: Q = 1,000 - 17P The combined supply of the smaller firms is Q = 21 + 30P. The dominant firm's marginal cost is MC = 7 + ..
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