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Which of the following can lead to a decrease (leftward shift) in the PPF? Answer banning a technology due to its adverse environmental effects a policy encouraging more immigration tax breaks on the adoption of more efficient technologies a policy that encourages entrepreneurship
Name at least two legislations to prevent monopolization of businesses. Do you believe these legislations have been helpful? Discuss.
q.based on market research a recording company obtains the following information about the demand and production costs
If LFC sells chicken and biscuits as a meal deal, illustrate what price would be set for the meal deal which includes both an order of chicken and an order of biscuits.
A private golf club has two types of members. Serious golfers each have an individual demand curve given by = 35 ? .1??, while casual golfers each have an individual demand curve given by ?? = 10 ? .2??. Here, P is the price per round of golf and Q i..
Explain these varied outcomes in terms of how the market system answers the question "What goods and services will be produced?"
Why were the creation of the Interstate Commerce Commission (ICC) and passage of the Sherman Anti-trust Act of 1890 so important to the creation of a fair business climate?
Create a chart to classify and identify a cost driver for each of the costs provided in the text. The chart should be included as an appendix to the written report
Determine the market rate of substitution. (b) In your graph show the budget set. (c) If PX doubles, what happens to the budget constraint. Show this effect in your graph. (d) What is the meaning of the slope of the two budget constraints?
What is the difference between demand for insurance and demand for medical care?
Suppose that Bob withdraws $100 of cash from his checking account at Security Bank and uses it to buy a camera from Jor, who deposits the $100 in his checking account in Serenity Bank. Assuming a reserve ratio of 10 percent and no initial excess rese..
Assume that the supply of low-skilled workers is fairly elastic, but the employers’ demand for such workers is fairly inelastic. If the policy goal is to expand employment for low-skilled workers, What if the policy goal is to raise wages for this gr..
How are prices determined under perfect competition? Think about a firm that you have done business with recently. What industry does this firm belong to? Is it monopolistic competition, oligopoly, monopoly, or perfect competition? Justify your class..
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