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Question: 1. Draw a short run firm and industry competitive equilibriums for a perfectly competitive gator farming industry before the number of alligators farms in Fl. doubled. For simplicity assume the gator farm is earning zero economic profit. Then show the short run effect of an increase in demand for alligators.
2. Assuming gator farming is perfectly competitive explain the long run competitive equilibrium condition for the typical gator farmer and the industry as a whole.
you must give up your full-time job which paid 50000 per year and you worked part-time for half of the year.the average
Describe the NGO and its capabilities in your own words (paraphrase and cite). Don't cut and paste something from the NGO website. Obviously, you'll want to pick an NGO that is involved in issues related to the course.
The U.S. is in recession and, at last report, GDP was shrinking at a rate of 1% per year. The unemployment rate is rising and now stands at 7%. In recent months, the rate of inflation has been holding steady and is increasing at an annual rate ..
The night before an economics test, you decide to go to the movies instead of staying home and working your My Econ Lab Study Plan.
Imagine that your Learning Team is a group of economic advisors working for the U.S. president. You have been tasked with evaluating the current state of the U.S. economy and making recommendations on how to improve it.
Which of the following is an example of an external cost?A. secondhand smokeB. increased gas prices for drivers of SUVsC. the cost you pay your plumber to install a new hot water heater
Does Australia face an increasing opportunity cost of ethanol? What feature of Australia's PPF illustrates increasing opportunity cost? Explain - Draw a graph and analyse what would happen to the domestic supply of rice and supply curve, consumer ..
A firm is making production plans for upcoming quarter, but the manager doesn't know what the price of the product will be next month. She thinks there is a 30 percent chance price will be $500 and a 70 percent chance price will be $750.
If a poor nation must choose between building an airport, some schools, or a steel plant, which one should it choose? Why?
Write a paper that discusses your own consumption practices over the last ten years. List and explain the ways that online consumption activities have replaced.
price fixing is a per se violation of the clayton antitrust act. from the materials in the library and the internet
What is the marginal opportunity cost to the corporation of an executive's personal flight? What factors (such as fuel) determine the mar-ginal explicit cost to a corporation of an execu-tive's personal flight?
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