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Presume a perfectly competitive firm's demand curve is below its average total cost curve. Describe the conditions under which a firm continues to produce in the short turn.
given the current pressures on china jamaica and america expressed in the article how would ethics play a role in
Suppose both supply and demand decrease. What effect will this have on price and the government sets a price floor of $30 and agrees to purchase all surplus at $30 per unit
Describe why marginal analysis must be used in decision making with examples. Also, give examples of poor decision-making when sunk costs were used to justify choices, and discuss how legal and ethical issues may play a role in making decisions.
please answer for the 3 questions. the main topic is urban sprawl.1. how has the housing market crash affected urban
What is the appropriate balance between private and public (i.e., government) activity. Think of a case where the government has intervened (or it was suggested that government intervene) in a previously private market
Would US$ depreciate or appreciate
the chair-making industry currently consists of 90 producers all of whom operate with the identical short-run total
Consider three markets: M1, M2, and M3. There are features of these markets that the Department of Justice observes and features the Department of Justice does not observe. The DOJ observes that M1, M2, and M3 have one
suppose that the ford motor company can produce any quantity of cars at a constant marginal cost equal to 15000 and a
how does a government budget surplus affect the u.s. economy? identify two periods in recent history in which the
What does the cost of a good or service reflect? Will producer continue to supply a good or service if consumers are unwilling to pay a price sufficient to cover the cost?
craft unions both industrial and craft unions attempt to raise their members wages but each goes about it differently.
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