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What are the main things to remember about elasticity, supply and demand, tax incidence, government controls on the market, and economic theories?
Compared with perfect competition, quantity produced in monopolistic competition is inefficient as price is higher than marginal cost (i.e. allocative inefficiency). Why do some economists argue that even if price is higher than marginal cost, it doe..
For a perfectly competitive firm in the short run, are there situations where a company remains in the market even if it cannot cover its average total cost per unit at a particular output level? Explain. What would be the deciding factor in forcing ..
Elaine is going to invest $5,000 this year, and plans on increasing her investments by 7% each year. If she invests for 20 consecutive years and earns 7% per year, the amount she deposits on the 20th year is closest to …
One of the disadvantages of the joint venture market entry method is that it does not give the tight control over subsidiaries that it might need to realize experience curve or location economies. How do you solve this dilemma?
Explain carefully, but concisely, the nature of the moral hazard problem that results from the federal deposit insurance system, explaining the roles played by both depositors and managers. Explain briefly how the problem was affected during the 1980..
Marge is employed and maintains a household for herself and her daughter. Monica is 22 years and a full-time student. Monica is expected to graduate from Law school in May 2015. Over the past two years, Monica has earned $9,000 a year from her part-t..
Briefly, what are the Price Change Effects on Demand in the Short-Run and Long-Run? PLEASE, your answer must have GRAPHS and be typed not a photo because I'm taking an exam and need to copy and paste the answer as is.
WidgetsRUS immediately sends an objection to the confirmation to Gadgets Galore. Describe the remedies available to Gadgets Galore under the Uniform Commercial Code?
Do not conduct an economic analysis of the legal process (i.e. whether it is efficient to appeal the case). Focus on the economic analysis of the tort case at hand.
Cost function C(q) = 10 + 10q + q^2 where q is the quantity of laundry services provided. If the price of laundry service is 50 units, how much is the optimal quantity of laundry services to maximize profit and what is the maximum profit that Acme La..
Appalachian Coal Mining should minimize net cost by choosing that level of pollution
Problem: How do we ensure that political pressures do not make their way in to the decision making process of the Federal Reserve?
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