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The profit-maximizing principle of marginal analysis says that firms maximize profits by choosing output such that:
marginal revenue equals average cost.
Draw a scatter diagram on a sheet of paper that represents a moderately positive correlation between the variables. Now drop your pencil at random on this scatter diagram. If you think of your pencil as a regression line, what aspect of the regres..
Explain the shape of this curve using the expectations hypothesis, the segmented markets hypothesis, and the preferred habitat hypothesis.
Developing countries in the "Global South" turned to socialism in the past as a means to solve their economic problems.
Describe what happens to investment, private savings, public savings, and national savings. Compare the size of the changes in the latter to the $20billion of extra government savings.
What do you predict you competitor will do given your price reduction and what is the total revenue each firm will earn given their respective pricing strategies?
Should the ordinary least-squares (OLS) method or the two-stage least-squares method (2SLS) method be employed to estimate market demand for carrots? Explain briefly - Which variables are endogenous variables in the system
For each of the following state whether you would make an aggregate demand or aggregate supply diagram and forecast what shift each condition would cause in the AS or AD curve and why so.
suppose a firm has two factories with marginal costs given byfactory 1 mc1 20qfactory 2 mc2 40qthe firm faces a
a. complete the table above. you do not have to complete any cell with - in it. be careful calculating mc and mr note
Are the salaries received by professional sports athletes outrageously high? Must the CEO's of financial institutions receive more monetary compensations than entertainers, since their jobs contribute more to the development of the country? What are ..
The management of Iron Mills have estimated the following elasticity’s for its product as ?Qx,Px= 2; ?Q,I=1; and ?Qx,Py= 1.5 Where x refers to iron, I to income, and y to steel.
Consider the issue of minimum wage law: under which type of moral theory would such a law be justified most strongly? In what ways are utilitarian and capitalist notions of justice consistent? When do they differ? Using an example discuss the relativ..
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