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Question: weekly production possibilities of bagpipes and accordions in Poland and Scotland:
Explain why a movement from a point inside a production possibilities frontier to the production possibilities frontier can be described as a free lunch and a movement along a production possibilities frontier is described as a tradeoff.
Continue to suppose the developer's right to develop his beachfront property is protected by a property rule. However, assume now that it costs the three residents a total of $10,000 to organize and act collectively. Will the land be developed? ..
A local farmer relates that he can sell 50 dozen ears of corn per day at his roadside stand. "But if I raise my price," he claims, "the demand will fall." The farmer is using the term "demand" correctly, and is right in his conclusion.
Why shouldnt we impose price control on pharmaceutical drugs
Discuss the following – What feature (s) of Medicare would cause an economist to say that “Medicare stinks as insurance”? Medicare supplement insurance is available from the commercial market and most commonly covers ‘up-front’ deductibles and least ..
Guy? Ferrell, a student who lives in the country? Paragon, observes that analysts are cutting their growth forecasts for the economy for the coming year. Most of them based their analysis on the fact that the level of inflation in the economy would a..
As healthcare insurance coverage expands under the Patient Protection and Affordable Care Act
Critical Thinking: Human beings are odd creatures. We can predict the negative consequences of certain actions, and yet, we proceed with those actions. If people were logical and thought long term, no one would eat more doughnuts than fruit, no one w..
1. According to a website of an installment lender, borrowers in California could be eligible to receive a loan of $2600 and pay back by making fixed monthly payments of $767.96 for nine months. Calculate the yield to maturity of this loan. Answe..
A monopolist faces the inverse demand curve p = 64 - 2q. At what level of output is his total revenue maximized?
A watch manufacturer finds that at 1,000 units of output, its marginal costs are below average total costs. If it produces an additional watch, will its average total costs rise, fall, or stay the same?
If the elasticity of Canada's exports in relation to the real exchange rate is very low, will this rise in the world interest rate have a large or small effect
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