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Question: If the price of bananas increases from $0.75 a pound to $1.00 per pound, in the market for bananas this will cause: a downward movement (to the right) along the demand curve an increase in demand -- a rightward shift of the demand curve an upward movement (to the left) along the demand curve a decrease in demand -- a leftward shift of the demand curve
Identify two firms with similar problems but from different countries and conduct a comparative analysis of the firms
Draw a diagram for two goods, with the quantity of good 1 on the X-axis. What will the indifference curves for substitute goods look like? What will they look like for complementary goods?
Determining sample-size is important step when planning a statistical study. It is also quite a difficult task since many variables must be considered.
You are a super smart profit-maximizing firm in a competitive market currently producing 100 units of output. What is the firm's average variable cost
HSH 719 Economic Evaluation - Justify why you believe that an economic evaluation is needed, including any additional information you might need to support
Describe the trends and fluctuations in the unemployment rate in Australia from 1980 to 2014 (the data can be downloaded from the Australian Bureau of Statistics).
A monopolist is currently producing a level of output where Price = $110; Marginal Revenue = $10; Quantity = 100; Total Cost = $15,000; Marginal Cost = $10; Total Fixed Cost = $4,000. to maximize profits in the long-run, the monopolist should do.
Who has the most impact with a shortage from a price and quantity perspective between the consumers, pig farmers and Tyson?
Show the change in Q if L changes from 1 to 2, and 2 to 3, and does the production function exhibit diminishing returns? If so, when does the law of diminishing returns begin to operate? Could we ever get negative returns?
Analyze the different stakeholders (i.e., government, three affected parties) that are involved in the externality, and identify what their roles are with regard to the externality.
What is the equilibrium price and quantity of bonds in this market? What is the interest rate in this market, given your answers above?
a friend of mine came to penn state in the 1970s and told me that sticky buns at the college diner cost .75 75 cents in
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