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What is the Nash equilibrium and is there a formula?
A monopolist knows that in order to expand the quantity of output it produces from 8 to 9 units that it must lower the price of its output from $2 to $1. Calculate the quantity effect and the price effect
What is the relationship between MPC and the slope of the IS curve?
The U.S. government administers two programs that affect the market for cigarettes. Media campaigns and labeling requirements are aimed at making the public aware of the dangers of cigarette smoking
As additional demanders enter the market for a particular good, the market demand curve shifts outward and becomes flatter at a given price. Does this fact imply that the price elasticity of demand becomes greater at any givenprice?
What is the difference between labor and labor-power
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the following questions address some of the price and output decisions faced by firms other than those found in
Discuss the costs and benefits of having a minimum wage. Use the jargon and analysis learned from class to write your paper (i.e. Supply and Demand, Surplus, deadweight loss etc.).
G's Boeing orders a small part (component) used in many of its wing assemblies. Below is some information on this part.
Critique each of these four approaches by listing the advantages and disadvantages of each.
New technology has allowed oil to be pumped from much deeper offshore oil fields than before. For example, 28 deep ocean rigs operate in the deep waters.
Where Women's Pay Trumps Men's Men work more than women on the job, at least in terms of overall hours.
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