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Pareto efficiency is defined as:
a. paying the lowest possible wages
b. reaching a point through voluntary trade where no one trader can be made better off without making another worse off
c. supply = demand
d. increasing marginal returns
A certain college graduate, Sallie Evans, has $24,000 in student - loan debt at the end of her college career. The interest rate on this debt is 0.75% per month. If monthly payments on this loan are $432.61, how many months will it take for Sallie to..
You are the manager of a monopolistically competitive firm. The present inverse demand curve you face is P = 100 – 4Q (MR = 100 – 8R). Your cost function is C(Q) = 50 + 8.5Q2 and MC(Q) = 17Q. What level of output should you choose to maximize profits..
When the price of SuperSparkle Toothpaste increases by 5%, the quantity demanded for SuperSparkle Toothpaste decreases by 20%. Calculate the price elasticity of demand for SuperSparkle toothpaste. Why does demand curve shift (left/decrease or right/i..
Calculate dollar rates of return on a deposit 10,000 pounds in a London bank in a year when interest rate on pounds is 10 percent and dollar/pound exchange rate moves from 1.50 dollars per pound to 1.38 dollars per pound.
A newspaper has a monopoly on the local news market in a town. The market demand is given by P=1.70-Q/10,000, making the marginal revenue MR=1.70-Q/5,000. The marginal cost is constant at equal to 0.80. The fixed cost is 2,000. Variable cost is 0.80Q..
q1. explain the role culture may play in influencing entrepreneurship both at the individual and social level. define
Detail your choices, noting the why's of your choices and also discuss the effects on the stability of employment, inflation, and GDP as a result.
Shadow pricing is an important concept in that it involves unknown or difficult to calculate costs. This creates a range in the pricing. For example, think about amortized costs versus actual costs. How would this affect shadow pricing?
European retailers utilize a wide variety of government regulations to restrict entry.
What is the equal-payment series for 10 years that is equivalent to a payment series starting with $15,000 at the end of the first year and decreasing by $3,000 each year over 10 years? Interest is 9% compounded annually.
What is the difference between economic profits and accounting profits, and how does this difference matter for actual business decisions?
NBC executives have developed a new professional sports league—the XBL (Extreme Badmiton League). The short-run production function for televised games has been determined to be Q=25L-2.25L2, where L is the number of players.
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