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People's tendency to attribute their successes to personal effort or special personal trait, while blaming their failures on the faults of others or on something beyond their control is called:
llustrate what will be the equilibrium price also quantity in the market. Illustrate what is the total market profit also consumer surplus.
If you are running a bake sale and increase the price of your cupcakes from 1$ to 2$ what will happen
A firm production function is given by q = f(k,l) = k·l1/2. w = $20, v = $5. Consider a short-run situation where the level of capital is fixed at k1 = 10. At p = $12, in the short-run, what is the quantity supplied by this price-taking firm? compute..
The market demand curve for a monopolist is as follows: Q = 18000 – 400P Marginal cost of this firm is $ 20 and is constant. Find the profit maximization level of output and price. Find the revenue maximization price and quantity.
Carefully review the concept of opportunity cost before replying to one or more of the following questions. What is the opportunity cost to you of taking this class(Micro Economics) this semester?
The Consumer Product Safety Commission is reconsidering a rule it first proposed in 1997 that would require child-restraint caps on household products, including cosmetics. When the rule was first proposed, it was resisted by the cosmetic industry an..
Using marginal analysis to find the optimal quantity of a good The following graph input tool shows the marginal benefit and marginal cost curves for footballs in an economy. At 25 million footballs, expected marginal benefits are equal to expected m..
What are the 2 different approaches to the presentation of a job offer? What are the advantages and disadvantages of each? Discuss the labor market from the two point views of supply and demand. What are the key areas that should be included in a job..
Mr. Funperson will graduate with an engineering BS degree from USF before his 25th birthday, and start his first professional job immediately upon his graduation. Mr. Funperson decides to set up a retirement account and makes his first monthly deposi..
A city needs to choose area rubbish disposal areas. Area A: A gravel pit has a capacity of 16 million cubic meter. Owing to the possibility of high groundwater the Regional Water Pollution Control Board has restricted the lower 2 million cubic meters..
A group of attorneys, judges and law professionals have collaborated to write a uniform criminal code. The code would create uniformity in criminal law across the United States, defining what constitutes a misdemeanor, what constitutes a felony, how ..
In April, eggs cost $2 per dozen, wine costs $1 per bottle, your income is $120, and you buy 50 dozen eggs. In May, eggs cost 50 cents per dozen, wine still costs $1 per bottle, and your income is $60. Is it possible to tell in which month you are ha..
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