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Suppose a firm uses two inputs, 1 and 2, in the production of a final good. In the short run, if input 2 is fixed and its price goes down, what happens to the firm's profit?
The price elasticity of demand. The measure of the sensitivity of the quantity demanded of one good to a change in the price of another good is ________ elasticity.
Find TWO articles which discuss the likelihood of continued inflation or the possibility of increasing inflation in the near future 2014-2015.
You can choose a business or industry in which you are employed or a family member is employed or just an industry in which you are interested. Which type of market does this business or industry compete in?
1. what are opportunity costs? how do explicit and implicit costs relate to opportunity costs?2. if the average total
Fiscal and monetary policy and the negative impact policy can have on the equilibrium of prices. Then, identify ways that a free market society can avoid the negative impact and maintain both production and price.
Describe the demand and supply for Chef Ernie's Sushi-on-a-Stick. What are the equilibrium price and quantity (in thousands) for Chef Ernie's sushi?
Cement is competitively produced domestically with MC = Q/3 -20. Domestic demand for cement is P = 100 - Q/3. The world price for cement is $50.a. Find and graph the free trade equilibrium in this market
Discuss diffrent types of economies, demand and supply and diffrent types of markets
a monopolist has two types of customers. there are 100 of type a who will each pay up to 10 for a single unit of the
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As the ebola epidemic keep spreading in the country of Liberia more people are falling ill and a large percentage eventually perish. Use the Production Possibility Frontier to illustrate the effect on the economy of Liberia.
Formulate an integer programming model for problem - mixed integer linear programming model - Formulate the integer programming model for this problem and solve it using the computer.
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