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Who in your economic model do you predict to be the superbowl champion of next year?
Explan how AT&T determines what quantity of labor to demand and what events could shift the demand and supply of that labor.
1. Give examples of industries that are monopolistically competitive. Find the news articles, books which explain these examples. 2. What is "monopolistic" about monopolistic competition? What is "competitive" about a monopolistically competitive..
Originally the consumer faces the budget line p1x1 + p2x2 = m. Then the price of good 1 triples and the price of good 2 becomes 5 times larger. Write down an equation for the new budget line in terms of the original prices. Does the budget line becom..
Find the sample size necessary for an 85% confidence level with a maximum error of estimated E=0 .09 for the mean weights of the hummingbirds
Provide an example of each of the four different ways industry is organized (the different degrees of market power) and explain why you believe them to be good examples.
Use economics to compare three ways to reduce the demand for heroin: (i) the substitution of another, less dangerous, and less debilitating drug, such as methadone for heroin, to registered addicts; If expenditures on preventing crime equal $200 bill..
In recent decades, trade has been growing faster than income for many countries. What combination of trade effects is sufficient for this to come about? Is this behavior consistent with the Rybczynski theorem? Under what circumstances?
Illustrate what is Michelle's opportunity cost of producing potatoes. What is Michelle's opportunity cost of producing chickens.
q1. short run profit maximizingthe producer of high-quality flatbed scanners is tiresome to decide what price to set
Over the past year the inflation has been 10%. The price of a used Ford SUV has fallen from $6,000 to $5,000, or 16.6%. By what percentage has the real price fallen?
Bob has wealth $10 at the beginning and will receive $11 in earnings at the end of the first year.
Suppose a typical consumer's inverse demand function for bottled water at a resort area where one firm owns all the rights to a local spring is given by P = 15 - 3Q. The marginal cost for gathering and bottling the water is $3 per gallon. Find the op..
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