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If a website facilitates the sale of goods by individuals and businesses over the internet, but requires actual photos of every item for sale to be posted instead of a manufacturer’s stock picture of the product, the supply of products in good condition will likely __________ due to the improved information, causing price to __________ .
increase, increase
decrease, increase
increase, decrease
decrease, decrease
q1. explain why each of the following statements is true false or uncertain according to economic principles.suppose
Why do governments prefer to avoid excessive current account surpluses? Or, why are growing domestic claims to foreign wealth ever a problem?
Show why the firm should not be charged a per-unit tax on the firms output to compensate for the pollution it discharged into a major river. Devise a game plan for responding to the questions that will be raised in the joint session of the subcomm..
Describe a situation where the presence of multicollinearity would not necessarily be a bad thing. Explain your rationale. Describe a situation where multicollinearity would definitely be a bad thing and recommend remedial measures for the situation ..
A few years ago, a construction manager earning $70,000/ year working for a regional home builder decided to open his own home building company.
q. market structure problem the widget industrythe widget industry is perfectly competitive. the lowest point on the
Economists’ models generally produce solutions that allow polluters to continue polluting to some degree. Why do economists favor allowing some pollution to continue? Provide a simple model that yields that result, explain the argument, and comme..
Suppose you are considering moving your company’s headquarter from Nashville to LA. Last year you paid $100,000 for an option to buy a building in LA. The option gives you the right to buy the building at a cost of $1,000,000, so that if you ultimate..
Say you are the manager of a perfectly competitive firm selling a product. Your business is making a loss because total revenue is less than total costs.
Compare the sum of consumer and producer surplus for the monopoly with the results for perfect competition.
Consider that two countries, Brazil and Argentina, have the same rates of investment, population growth, and depreciation. They also have the same levels of capital per worker.
A manufacturer has been selling 1600 television sets a week at 370 dollars each. A market survey indicates that for each 36 dollars rebate offered to the buyer, the number of sets sold will increase by 60 per week. Find out the demand function.
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