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Draw the total producer surplus (PS) on the graph by moving the 4 points of the reddish-purple square shaped box labelled PS. Note that the area may not necessarily be rectangular.
Assume the government sets a price ceiling below the Pe. Plot this price ceiling price on your diagram. What is the new market situation How will it be decided who can buy the quantity supplied of gasoline
1. determine whether the following production functions exhibit constant increasing or decreasing returns to scale.
How were black people prevented from voting despite the provisions of the 14th amendment - what effect did the Supreme Court case of Plessy vs. Ferguson have on the American South?
Timmy told the director of Human Resources that $30,000 was not enough money to get him to settle and that he was going to file a lawsuit against University for age discrimination. University Tool and Dye had not yet received Timmy's signed settl..
Suppose instead that the stations seek to maximize its profits from sales of the DVDs. What price should it charge? How many DVDs should it order from which supplier?
There are four of you in a group- representing the individuals with currency in an economy. Each of you has $100. Use this information to answer the following questions. Additionally, all banks abide by a reserve ratio of (1/5), regardless of scenari..
These multiple choice problems related to Economics and the first problem is about monopoly with marginal revenue and cost given for a level of output. The second problem is about Herbert Simon's views.
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what is the probability that the sample mean will lie between 950 and 1050 and evaluate the proposals in terms of expected prot and risk.
Which of the following is true for perfect competition but not true for monopolistic competition and monopoly. a. MC = MR. b. P = MC. c. Positive long run profits. d. Both b and c.2. Profit margin equals: a. marginal cost minus marginal revenue. b. a..
The cost of 150 H.P. compressors bought five years ago is as follows. For the first 50 compressors the cost was $2,000 per unit, and for the second 50 the cost was $2,400 per unit. Find the cost of 100 compressors of 200 H.P. rating today.
assume that a country estimates its m1 money supply at 20 million. a broader measure of the money supply m2 is 50
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