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Q. Master Card has a series of cute commercials that list a series of accounting items also costs leading to a costless product. Cell phones are often advertised as being free. In economics, it is said that nothing of value is either free or costless, everything has a cost. Take something from your experience, that is allegedly free or costless also use the concepts of accounting costs, economic costs, precise costs, implicit costs, opportunity costs also sunk costs to Elucidate why it is neither costless nor free.
Elucidate why are shortages or surpluses more likely with preset costs, such as those on tickets, than flexible costs
Illustrate what is the minimum product price at which the firm will operate in the short-run. Elucidate how many workers should the firm employ to maximize profits.
If the table represents the demand faced by a monopoly firm, then Illustrate what is which firm's marginal revenue as it increases output from 1300 units to 2200 units? Elucidate how all work.
Assume to the firms act independently as in the Cournot model. Determine the long run equilibrium output also selling price for each firm.
Elucidate how would an increase in airfares affect the number of highway fatalities in any one year
If you fail to make your payments to TV Land, do they have a claim to your Calculate. Does TV Land or Calculate Land have to file a financing statement.
The Marginal Product of Labor and the Marginal Product of Capital are given.
Explicate your rationale. Once more, with the similar organization in mind, converse the most effective way to maintain also extend a competitive benefit.
Suppose that a calculator company operates in a perfectly competitive marketplace producing 5,000 Calculators every day.
How could a company go about meeting those needs and thus motivate you to work better and harder.
Some of the largest import tariffs tax on imported goods is on shoes. Strangely, the cheaper the shoes, the higher the tariff.
Elucidate how much of the tax is borne by consumers also Elucidate how much by producers. Illustrate what is the new CS also PS.
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