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Maximizing profit for an economist is:
A. maximizing accounting revenues while minimizing explicit costs.
B. maximizing the firm’s value.
C. minimizing total costs.
D. minimizing the future risks.
One of the most striking aspects of cities in the former Soviet Union is the poor condition of public places. Streets, parks, libraries, museums, concert halls, and public gathering places of every description are all in very poor condition, revealin..
Elucidate why it is often claimed that hospitals compete for doctors rather than patients. What are some of the implications of this phenomenon.
What is the discount rate in the banking system? Explain how the Fed manipulates this rate to achieve macroeconomic objectives.
During 2009, the demand for LCD televisions appeared to be falling. At the same time, some industry observers expected that several smaller television manufacturers might exit the market. What would a price ceiling set below the resulting equilibrium..
Assume an open, mixed economy (C+I+G+X=real GDP) and an MPS of .2 What is the multiplier? if the government spending (G) increases by $50B, how much will the real GDP increase? If taxes also increase by $50B, consumption (C) will fall by how much?
Explain what happens in these two markets as the number of sellers drops to only one seller. c) explain how part b) illustrates to the first experimental principle
How did restrictive mercantile policies lead to an early Industrial Revolution in Britain, when they led to several other nations collapses on Continental Europe?
Suppose that the demand for healthcare services is perfectly inelastic while the supply curve is upward sloping. Analyze the impact.
A good stock-based mutual fund should earn at least 8% per year over a long period of time. Consider the case of Barney and lynn, who were overheard gloating (for all to hear) about how well they had done with their mutual fund investment.
All loans shall be computed at an annual percentage interest rate(APR) of 3.75%. It is assumed that you will need the loan for four years (eight semesters). You can take the loan in one lump sum of $48000 at the beginning of the four years. Using thi..
Think about a product that you have purchased recently (e.g. soda, diapers, takeout meals, milk, shoes, manicure/pedicure, video game, etc.). Explain how the law of demand affected your purchase. Give specific examples of how the determinants of dema..
is this the same quantity that the competitive market would have provided in equilibrium? What are the market forces leading to this quantity?
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