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Assume that a firm has a monopoly power in the product market and faces perfect competition in the factor market. If the price elasticity of demand for the product of the firm is -4 and the VMPL is 40, then, the MRPL is?
Where does e-garbage go? i.e. Unwanted and outdated computers, monitors, DVD, cell phones. etc.. What is the effective approach to control it? Pls explain in two paragraph.
What other macroeconomic change might bring about a currency depreciation coupled with a deterioration of the current account, even if there is no J-curve?
Elucidate what does it mean to specialize according to one's comparative advantage and trade internationally and an example of a business using this principle.
Three students want to order pizza for dinner and they have decided to play the following contribution game in order to collect the money. Each student takes turns in order to place money inside a jar. If at least two students contribute the pizza..
Find out the income elasticity of demand. Elucidate whether gas is a normal or inferior product.
1. consider a macroeconomy was initially at equilibrium level.nbsp using the short run aggregate demand and aggregate
You have been Employed through a private consortium of South African orange growers to predict the impact on the price and output of oranges under the following situation.
National Income statistics are used by governments of developing countries.
An engineer considering for retirement decides that she wants to have income of $100,000 per year for 20 years with the first withdrawal starting 30 year from now.
Your company manufactures controllers used in the production of commercial air conditioning units and currently selling them at $50 each. Marginal costs are $30 for production up to 10,000 units per month.
Virginia gives her 14-year-old grandson, Tommy, $10,000 in common stock. One month later, a $100 dividend is paid to Tommy on the stock. How much income is taxed to
Using the concept of opportunity cost, explain why in developed countries with higher average incomes there is more support for costly environmental controls.
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