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Last year a firm made 100 units of its product available at a price of $10 per unit. This year at $8 per unit the firm supplied 100 units. What is most likely to have happened over the year?
Widgets are supplied by a competitive constant-cost industry. On Monday, the industry is in both short-run and long-run equilibrium. On Tuesday, the demand for widgets increases and the industry moves to a new short-run equilibrium. On which day or d..
Invisible hand of market would optimally allocate exhaustible resources and prevent shortages because market prices of a resource such as oil reflect both its current value and its future value. Why might Hotel ling be right.
Suppose it takes New England two hours to produce a bushel of corn and six hours to produce a bushel of wheat. What is New England's opportunity cost of producing a bushels of corn?
State C is a WTO member state and a party to NAFTA. It has made no specific agreements under either GATS or NAFTA as to its road transport sector. Now, two freight companies, one from State D (a WTO member state) and one from State E (a party to both..
A mining venture has a first cost of $6M, annual operating costs of $2M, annual revenues of $3.2M, working capital requirements of $1.5M, a life of 10 years
Illustrate what must the saving rate be to achieve the Golden Rule level of capital.
Does the existence of “efficiency loss” associated with health care over-consumption mean that citizens are worse off with the government’s provision of this insurance?
Two macroeconomic variables that decline when the economy goes into a recession. List and explain the three reasons the aggregate-demand curve slopes downward.
Bob as well as Nancy live in a new housing development as well as they would like to have fire hydrants installed to assist the fire department in case of a fire.
Annual disbursements for maintenance of critical heavily used equipment will be $25,000 for the first 10 years, and then $35,000 into infinity. If interest is 15%, what is the capitalized cost?
In monopolistically competitive? markets, economic losses
FACTS: Fred and Zuma Palermo contacted Colorado Carpet Installation, Inc., for a price quotation on providing and installing new carpeting and tiling in their home. In response, Colorado Carpet submitted a written proposal to provide and install th..
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