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A firm is considering building a two-way network that links 12 users. The cost of building the network is $10,000.
What is the increase in the number of potential connection services if one additional user joins the network?
How are economic fluctuations linked among national economies? Could a recession in the United States trigger a recession abroad?
Who are the winners and who are the losers from Japanese wheat subsidies? Why does Japan continue to subsidize its wheat farmers when cheaper wheat is readily available in international markets? Are these subsidies in the best national interests of J..
Europe has leveled off at Illustrate what fraction of GDP every capita in the United States.
A city has decided to build a softball complex and the city council has already voted to fund the project at the level of $800,000 (initial capital equipment). The city engineer has collected the following financial information for the complex projec..
Suppose that if you get contract, you estimate that you can win another project for two more units. Now what is your break-even price for those two units.
What can we say about the price elasticity of demand for nicotine products (such as cigarettes, pipes, tobacco) in the group of nicotine addicted users, versus the group of "social smokers"? Can we say whose demand is likely to be more elastic? Why?
Using your knowledge of utility and consumer behavior and the data below, show exactly how you would spend your income, on which goods and why. Be sure to calculate the MU/P for good X and good y, and then proceed. At what point do you reach utility..
The HHI for automobiles is? 2,350, for sporting goods is? 161, for batteries is? 2,883, and for jewelry is 81. The market for automobiles is? ______, and the market for sporting goods is? ______.
Assume the money supply (M) is $1,200 billion, bank deposits (D) are $800 billion and the required reserve ratio is 10%. What would the Fed have to do (in terms of open market operations) to lower the money supply by 5% ? Explain.
(a) What is the average total cost of producing empanadas as a function of the quantity of empanadas produced?
Each firm in a competitive market has a cost function of C=16+q^2, so its marginal cost function is MC=2q. The market demand function is Q=24-p. Determine the long-run equilibrium price, quantity per firm, market quantity, and number of firms.
Elucidate how changes in government spending also taxes positively do or negatively affect the economy's production also employment.
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