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Q. 1. Do we often fail to consider prospect costs? Why are there only two options on the PPC? Is there such thing as a free lunch?
2. Can anyone think of a situation where markets are actually efficient but do not seem fair?
Q. Cartels with a small number of industries have a greater probability of reaching the monopoly outcome than do cartels with a larger number of industries.
Q. In order for companies to prepare also issue financial statements, their accounting equations (debits also credit) must be in balance at yr end. Discuss how errors also misstatements may occur when accounting equations (debits also credits) must be in balance at yr end.
Distinguish between the resources market and the product market in the circular flow model.
The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever.
Explain how is the cross elasticity theory used to empirically define economic markets.
Illustrate what would happen if too more labor is hired without an addition to capital. Elucidate using economic terms.
Has consumer surplus been affected in any way due to the changes in the auto structure of industry
If she neither borrows nor lends, which project has the higher present value at the interest rate 50%. Which has the higher present value at an interest rate of 5%.
Evaluate the results of the regression equation tells managers and how it is likely to impact decisions made related to maximizing profitability.
He goes to his pal "Hammerhead" the loan shark who loans him $10,000 for a year. Illustrate what is true effective interest rate per year.
An increase in the number of varieties of a good regarded as a gain from trade. Can you think of economic disadvantages associated with greater product variety.
Elucidate why or elucidate why not. Does it matter whether the inflation is expected or unexpected.
if Night Timers plans to sell 125,000 rolls per year, Illustrate what is the necessary price if the firm is to break even
The two firms have the same demand curve P=100-4Q, Marginal cost of Firm 1 is 5 and for firm 2 is 10.
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