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Assume average and marginal cost, 6, of production of the good x is 0. If production is competitive, what are the price and quantity produced in equilibrium?
What is consumer surplus?
What is the producer pro?t?
What is the deadweight loss?
His marginal rate of substitution between x and y does not change if the amount of both goods doubles. I am trying to understand why this statement is true.
Given all the above factors, which candidate should be selected? (b) By how much would the estimated capital investment for the alternate candidate [the candidate not selected above in (a)] have to vary from your first decision in (a)?
Macy's dress shop LLC calls Rag Trade Manufacturing Company Inc. and orders 100 dresses in various sizes colors and styles.
Describe the Texas Miracle. (What was it, what caused it, when did it happen, what was the impact)
One commentator suggested he knew the reason for China's success, writing: "On my visits to China I noticed the finished apartments were so poorly made that they will need to be replaced in less than 15-20 years. This is the secret to their economy. ..
The focus of this question is the market for Airbnb property rentals in the State of Hawaii. Assume that the market for Airbnb property rentals in Hawaii
Are there two effects of an open economy on monetary and fiscal policy? If so what are they? What role do banks play in world financial markets.
The relationship between the government's budget deficit and its spending is:
List three approaches to measuring GDP, explain how they work, and why they give the same answer, if there is no measurement error.
What is currency crisis (or financial crisis)? What are the major stages of a financial bubble? Use one example (Mexican peso crisis, Asian financial crises, .Argentine financial crisis, or 2008 financial crisis) to illustrate these stages.
What is the budget balance? (For example, if your answer is 20 million, write 20. If your answer is -20 million, write -20.)
The firm faces total cost of $400, and marginal cost of $15. What are the firms average total costs and profits?
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