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Suppose w=$100. There are two commodities, electricity and food. Each unit of food costs $1.
The first 20 kwh of electricity cost $1 per kwh but the price of each incremental unit of electricity is $1.50 per kwh.
Write the consumer's budget set formally and draw it.
The short-run equilibrium for a profit maximizing monopolistically competitive firm is at price = $29, average total cost = $22. The firm's marginal cost is $18. Which of the following is true? Similarily, a neighborhood convenience store is generall..
the nhfishercats are debating whether to build a new restroom in the leftfield area near the patio adjoining the
Indicate the effect that each of the following conditions will have on a firms average variable cost curve and its average cost curve.
Suppose consumer confidence falls as a result of a bursting housing market. How is this factor change likely to affect the IS and/or the LM curve? In response to this factor change, describe optimal fiscal policy.
Carefully explain how these two deficits are related economically so that changes in one are reflected in changes in the other.
Economists discuss that there is an efficient amount of pollution abatement. Why is the efficient amount of abatement unlikely to be either zero or 100 percent?
what will be price of wheat, how much total wheat will be demanded and how many wheat farms will there be.
Illustrate what evidence does GI present to support the view that Canada had entered a recession
AAA Personnel, Inc., discharges Barb, who feels the discharge is due to her religious beliefs. She decides to pursue an employment-discrimination claim and file suit against AAA. She could contact the Equal Employment Opportunity Commission
Making the managers as role model: Having managers as role models is another way of promoting ethical behavior. For this purpose, managers need to be chosen with care and due consideration. This will be beneficial in the following ways.
Elucidate fully why the monopolist will never choose to operate where the demand curve is inelastic.
Alpha and Beta, two tiny islands off the east coast of Tricoli, produce pearls and pineapples. The production possibilities schedules in the table below describe their potential output in tons per year. Suppose the two islands agree to trade 10 pearl..
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