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The price of oranges has risen dramatically. Which of the following is likely to happen?
a) The demand for apples will decrease
b) The demand for orange juice will decrease
c) The supply of apples will increase
d) The supply of orange juice will decrease
e) Both c and d are correct
The company estimates the probability of no damage to be 0.60, the probability of damage between $0 and $10,000 to be 0.25. what should be the price of the policy.
Suppose the Fed creates excess reserves in the banking system by buying government bonds, but banks do not make more loans because economic conditions are bad. A Federal Reserve official notes: "A restrictive monetary policy can force a contraction o..
What is the variable cost and when output is 10,000, what are the average variable cost and the average fixed cost?
1. what is the explanation that has stood the test of time and analysis as the major cause of the great depression? a.
1. the production possibilities schedule showsa. the resources available to the economy.b. the maximum combinations of
The market for a certain machine part is served by a dominant firm with competitive fring. Because of the development of new,? More flexible machine tools, firms that previously specialized in the production of other machine parts acquire the capacit..
in a perfectly competitive industry every firm has identical cost structure. the short-run total cost curve of an
Determine the impact of tariffs and quotas on international competition and discuss two recent examples and how it effected your employer's industry.
write a 4-6 page 12 point font double-spaced essay evaluating the role of governments in assuring that developing
When trying to reduce the degree of inefficiency from an open-access fishery, would a regulation that increases the marginal cost of fishing effort by banning certain types of gear or a tax on effort be equally efficient.
A) A Monopolist's long run supply curve is that portion of its long-run marginal cost curve above its long-run average total cost curve.
Examined the statistics for our basketball team"s wins last year and found that, when the third team played more, the winning margin increased. If the coach played the third team more, we would win by a bigger margin.” Evaluate this statement.
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