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The demand curve for a good is horizontal when it is:
a perfectly inelastic good.
a unitary elastic good.
a perfectly elastic good.
an inferior good.
All else held constant, the choice whether to use labor intensive production process or capitla intensive one depends on; 1. whether the compnay is growing or shrinking. 2. the relative prices of capital labor 3. the type of market in which the firm ..
How can government measure how much carbon is produced and is it possible to evasion carbon tax? How should the carbon fee program interact with state programs that address carbon pollution? Can cap and trade can reduce in co2 emission in the long ru..
If demand for medical care is perfectly inelastic, hospitals and physicians are able to charge any price (up to some maximum) without losing any patients. Explain your answer using the model in Dranove & Satterthwaite (1992, 2000).
Last year Jamison had EVA® net income of $200,000, cost of capital of 10 percent, and EVA® capital of $750,000. Determine the firm's economic value added.
A Japanese car maker plans to expand its production in the United States. The company borrowed $189,969,147 for this expansion at an interest rate of 8% per year. The loan will be repaid in equal payments at the end of each year over a 15-year period..
Why do celebrity icons receive such widespread attention and adulation
Please make a table in the above form but showing FC (fixed cost), VC (variable cost), AC (average cost), MC (marginal cost), MR (marginal revenue) and find the profit maximizing level of output.
The general public's demand for flights to Florida has an elasticity of -2 all year round. A monopolistic airline has been optimally charging everyone $360 for a round trip. Next, the airline finds out that during spring break, the price elasticity o..
Compare your answers to part d of problem 2 with those of part a of this problem also elucidate why they are different
The consumer derives utility from tutoring sessions and bowling according to the utility function U(b,t). The consumers marginal utility from each game of bowling is MUb=t and the marginal utility of each tutoring session is MUt=b+1. What is the cons..
Which of the following are benefits of international trade? Which ones are correct?
US citizens spend more on iphones/smartphones than the citizens of other countries, yet this type of spending is seldom described as a problem. Why is spending more on healthcare different?
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