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Perfect Competition: Please explain and illustrate graphically how the diaper service market has been affected by the decrease in the North American birth rate and the development of disposable diaper. Explain the long-run and the short-run effects of the event, starting from the long run equilibrium. What happens to the price of diaper and the quantity of diaper in the market and a representative individual firm? (Show two diagrams for both market firms and an individual firm)
Which of the following is not true in regards to direct materials for a bakery? Eggs would probably be a direct material. Flour and sugar would probably be direct materials. Oil to lubricate factory machines would not be a direct material. Paper cupc..
what single payment at the end of year 5 is equivalent to an equal annual series of payments of $800 beginning at the end of year 3 and ending at the end of year 12? The interest rate is 8% compounded annually
As you think about the microscopic evaluation of evidence, is this an issue that should be considered?
Suppose an economy consists of 300,000 individuals 16 years and older, 160,000 are employed, and 18,000 are unemployed but actively seeking work. In this example the labor force is:
Calculate and describe a mixed-strategy equilibrium of the police officer and argue whether he can make both player 1 and player 2 obey the law.
Luke has $16 to spend on his lunch at his school cafeteria every week. A slice of pizza (P) costs $2 and a submarine sandwich (S) costs $4. Luke likes an average more than extremes. Draw an indifference curve diagram (place pizza on the horizontal ax..
q.suppose that a group of sonoma county buy local advocates propose a complementary currency that can only be used to
What are the 4 economic events can shift the supply curve? Give an example of for each economic situation that will shift the supply curve.
1. Determine the level of output of each commodity at which the firm maximizes its total profit
Find the profit-maximizing choice of q for this miniature farm; also compute profits that will be earned at this choice of q.
Suppose you hired Janet, a real-estate agent, to help sell your house at the best possible price. As compensation, Janet will receive 3% of the selling price. Suppose Janet can sell the house in a few days by putting it on the market at $240,000, or ..
Artificial intelligence and robots are estimated to replace 30% of the global workforce, primarily blue collar and unskilled labor, within thirty years.
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