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If the United States is a net importer of a product that is being subsidized or dumped by Japan, not only do US consumers gain, but they also gain more than US producer lose from the subsidies or dumping. Explain why.
q1. besides elections and campaigns do the major political parties influence public values and ideas? do you think
if you human director at casino, what should you have done prior to firing steward to be sure you had all of your bases covered.
Write an equation for a typical production function also illustrate what every of the terms represents.
The first cash flow of a 25-year series of quarterly cash flows is equal to $35,000. Each cash flow in the series increases by $800. Find the amount of each cash flow in an equal quarterly cash flow series that is equivalent to the increasing cash fl..
Explain WHY profits are maximized or losses minimized at the level of output where marginal revenue equals marginal cost.
q1. people sometimes talk about lsquotwin deficit where the twins are the current account and the government budget
One of the central ideas taught in econonimics is that fixed costs are sunk costs, and that fixed cost are irrelevant to current decision making. Show why this true through the use of calculus and the idea of profit-maximization.
q.consider an economy described by the following equationsy 10k.3l.7round y to the nearest 1000c 250 0.75y-ti 1000
This is an essay question, but I don't know how to explain. Should I use the supply-demand curve to explain, or use the marginal cost- marginal revenue curve to explain this question.
Assume that Wal-mart is the only employer of retail workers in a small town in Indiana. As a local non-discriminating monopsonist, Wal-mart faces a labor supply curve given by: E = 10W –100, where E is the number of workers hired each hour and w is t..
find an identical output for each firm that maximizes joint profits.
Suppose that the authorities had effectively prohibited price-gouging and somehow managed to ensure that their action had no effect on the quantity of ice in the area. What would have been the effect on social welfare?
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