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Suppose that you go to "In and Out Burger" on your birthday to get a burger and find out that your first burger is $1 off if it is your birthday. In 2 sentences or less, indicate how total surplus is affected and justify your answer.
Illustrate what happen if her actual disposable income is $16,000, her level of consumption or saving will be.
Why might some firms voluntarily pay workers a wage above the market equilibrium? Which of the following government policies would lead to an increase in productivity?
A company makes calendars and sells them for $10 each. cost per unit is: direct materials $1.50, direct labor $1.20, variable overhead .90, variable marketing expense .40. Fixed marketing expenses total $13000 and fixed admin expenses total $35000. W..
The demand for gasoline is inelastic and the supply of gasoline is elastic.
The company you work for recently has committed itself to implementing a program of social responsibility. After the company has gotten the commitment of top executives, planned the program, and appointed a program director, you suggest that a (n) __..
______Companies that have flat organizations tend also to have
Sketch graph a standard short-run production function, and identify on it the points where the average product peaks, the marginal product peaks, and the marginal product reaches zero, and the average and marginal product intersect.
The first demand-side elasticity discussed in class and the readings was the price elasticity of demand (ED). It is defined as the
Show graphically and explain how a change in the monetary policy regime will affect short-run prices and output in the economy. (3 graphs to complete this problem) (Answers without graphs are useless)
q1. rex has determined that demand for his product is given by q180-5p and cost equation given by c75.3q. determine the
By using the data (Up to the year 2008) for Euro zone countries (excluding Malta and Cyprus) from ‘OECD fact book’ discuss the impact of the following factors in bringing about the ‘Euro crises’: - Budget deficits and national debt 2- Balance of paym..
Which of the following is one of the most important causes for the recent increase in income inequality in China? Which of the following would be part of the Thai demand for U.S. dollars? The World Bank tracked the performance of countries that had u..
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