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What is the deal with inflation in the current economy? What KIND of inflation is it? What caused it?
If a firm has a fixed cost of £3,500 and variable costs of £15 per unit of output, what is the firm's Average Costs when producing 100 units of output?
What are the effects on welfare in the two countries if Y retaliates with export subsidies instead of import tariffs?
Suppose that the Fair Work Commission imposes a minimum wage of $19 per hour.
The Venezuelan bolivar has been steadily depreciating against the US dollar, but the government wishes to stop the depreciation. What must the Banco Central de Venezuela do to stabilize the exchange rate? Is there a limit to how much it can intervene..
Why does the most important income distribution decisions that the government makes involve establishing and protecting property rights?
q. i choose a sweater at the price of 12 in the past month. describe how each of the 4 factors contributed to the
Suppose the firms set prices sequentially (with firm 1 moving first), what is the combined total profit of both firms?
Suppose that the demand curve for wheat is Q = 100 - 10p and that the supply curve is Q = 10p. What are the effects of a specific tax of t = 1 per unit on the (1)equilibrium, (2)government tax revenue, (3)CS, (4)PS, (5)welfare, and (6)DWL?
Explain why do national income accountants compare the marker value of the total outputs in various years rather than actual physical volumes of production.
Obtain an expression for total revenue profit in terms of Q. What output level maximizes its profit?
What effect, if any, would each of the following have on the short-run average (ATC, AFC, AVC) and marginal costs of an auto dealership:
Explain what a profit sanctuary is and why it is a competitive plus. Under what circumstances is it advantageous for a company competing in foreign markets to concentrate its value chain activities in a select few locations? Under what circumstances ..
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