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The payment to resource owners has to be equal to ____ in order to keep the resources in their current use.
Select one:
a. what other firms are paying
b. the amount of taxes
c. the amount of debt
d. the opportunity cost of the resource
e. the minimum wage
The term price maker
a. suggests that a firm faces a perfectly elastic demand curve.
b. is reserved for firms that face perfectly inelastic demand curves.
c. implies that a firm faces a downward-sloping demand curve.
d. appropriately describes the perfect competitor as well as the monopolist.
e. implies that a firm can sell almost any level of output at almost any price it chooses to charge.
It is believed that fiscal policy is more effective under a fixed exchange rate than a flexible exchange rate. Using the IS-LM model, illustrate and explain this differential impact for an expansionary fiscal policy.
cool-aire corporation manufactures a line of room air conditioners. its breakeven sales level is 33000 units. sales are
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microeconomic problem1. suppose a business finds that output varies according to the following schedule as it adds more
1. asymmetric infomationdefine asymmetric information. distinquish between hidden characteristics and hidden actions.
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ethanol is a motor fuel manufactured from corn, barley, or wheat, and it can be used to power the engines of many autos and trucks. suppose that the government decided to probide a large per-unit subsidy to ethanol producers.
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a company that specializes in online security software development wants to have 85 million available in 3 years to
Which of the following is true of the principal’s liability for an independent contractor’s actions? Joy, Saras agent, sells a property of $2000 more than what Sarah had anticipated. But, Joy keeps the excess money to him, and lets Sarah know that th..
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