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Give a comprehensive definition of equilibrium in relation to firms and conditions necessary for it to be realized.
What role do property rights play in creating common property resources? Why are common property resources subject to market failure due to nonexcludability?
Impact of technology advance a monopolist has the following demand function: Solve for the price and quantity that the monopolist would choose to minimize its profit. And also calculate the resulting profit.
Assume in perfect competition, the function of marginal cost is: MC=3+3Q, and price P = 15. What is the optimal quantity to maximize the firm's profit?
Justify that the objective of a benevolent government should be to maximize TPB(Q)-TSC(Q), by choosing the right level of Q. Then, write, interpret, and solve the resulting first order necessary condition for an optimum (remember the first order c..
2.Television broadcasts are often given as examples of a public good. However, it is possible to code a broadcast so that only people who pay for the decoder box can view it. The use of a coded signal does what to a television broadcast?
Write a brief summary of the story and search out at least one other source that discusses the topic. Include summary that contrasts the two sources of information in a two page, typed report along with your evaluation of the topic.
In current years non-tariff barriers have gained in importance as a protectionist device. Describe and evaluate the major non-tariff trade barriers.
If a computer project takes 6 months, how much does it cost in terms of a computer programmer salary to complete the project in the United States?
Discuss the contrasting perspectives on the role of Western expansion in the forma- tion of the modern world economy.
Prepare a analysis by answering the questions below. Be sure to cite your references using APA format.
Suppose DJIA records the changes in prices of 4 stocks. Suppose initially the prices of these stocks are $40. $20, $60. and $80. What is the DJIA.
1. Which of the following industries comes closest to the model of perfect competition?
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