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What is a positive economic statement? Please give an example.
Find the total cost of renting and driving the hybrid car for the trip. The total cost will be?
It has been proposed that a government agency be charged with the responsibility for determining the amount of pollution
Label everything clearly. Can a firm under monopolistic competition make economic profits in the long run? Why or why not? Explain.
Tell how each of the following developments would affect the supply of money, the demand for money, and the interest rate.
The United Nations Security Council, the main decision-making body at the UN, is comprised of five regular members: China, France, the Russian Federation, the United Kingdom and the United States. Ten more members are elected from the General Assembl..
There is a 1 percent chance that you will have healthcare bills of $100,000, a 19 percent chance that you will have healthcare bills of 10,000, a 60 percent chance that you will have healthcare bills of $500, and a 20 percent chance that you will hav..
Assume that a monopolist has a demand curve given by P = 1500- 4Q, and T C = 100 + 5Q^2 with MC = 10Q. Calculate the dead weight loss. Calculate the consumer surplus. Calculate the producer surplus.
In the real business cycle theory, if longrun aggregate supply increases, then longrun aggregate demand increases by
A father, whose dream is to see his son grow up to be an engineer, plans to invest a certain sum towards his son's education upon his birth. He will need to withdraw $12,000 each year from the 21st to the 24th year of his sort's life. How much should..
How important are Multinational firms (MNFs) in the world economy? What fraction of world output do they account for, and are they beneficial or harmful? Does the power of MNFs to move anywhere in the world restrict policies of individual governments..
State whether each of the following goods and services is non-rival, non-excludable or both: (Explain)a. A toll road.b. A public park.c. A lighthouse.d. An art museum.e. A radio broadcast.
Two firms, A and B, each with a marginal cost of $50, form an oligopoly whose market demand is P = 650 ? 10Q. If the market is defined by Cournot competition, what quantity will they produce and what price will they charge?
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