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Problem: Blueberry i a diterentiated product with many sellers in the market. The blueberry farmers have had a very bad earn due to bad weather. At the same time, increasing numbers of people look forward to having blueberries in the summer season at Christmas time. Reading lies Mela Galiy. According to the above information, what type of market structure are the blueberry production firms in the country? Discuss the characteristics of this type of market structure. Based on our answer to the previous question, if the current blueberry market generates economics proft in the short run, discuss how the blueberry market and the representative firm would adjust back to the long run equilibrium. What is the factors affecting the demand for blueberry? How is this going to affect the demand? What is the factors affecting the supply of blueberry? How is this going to affect the supply cone? What will happen to the ultimate change in the equilibrium price (Pe) and the quantity (Qe) of blueberry in the country after taking all these factors into account?
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
Case study analysis about optimum resource allocation: - Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..
Questions: : Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month? Explain your choice.
Problem - Total Cost, Average Cost, Marginal Cost: - Complete the following table of costs for a firm. (Note: enter the figures in the MC column between outputs of 0 and 1, 1 and 2, 2 and 3, etc.)
Problem based on Oligopoly and demand curve, Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?
Explain the impact of external costs and external benefits on resource allocation; Why are public goods not produced in sufficient quantities by private markets? Which of the following are examples of public goods (or services)? Delete the incorrec..
Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..
Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:
Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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