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Consider the following situation: a person sells fishes by the seashore, assuming that he is a monopolist, and that there is no cost of production of output. The inverse demand curve for his fishes s is given by: p( s ) = 10 -s. Plus, assume that he can always choose to throw fishes back in the ocean: he cannot choose to store fishes, aiming to sell them another day. Say that, one day, 6 fishes gotten for him. In this case, what is his optimal quantity to sell, and what is the price at which he sells his fishes?
Explain what is the stance of other developed countries on this issue.
When inflation occurs some economic agents gain and some lose. Who would gain and lose if deflation occurs Why What will happen to interest rates and investment according to Keynesian and Classical/ Monetarist theories
If in an economy a $150 billion increase in investment spending creates $150 billion of new income int he first round of the multiplier process and $105 billion in the second round, the multiplier and the marginal propensity to consume will be, respe..
the charm city bakery makes coffee cakes and danish pastries in large pans. the main ingredients are flour and sugar.
Important member of the Board of Directors only have some basic training in economics. So you should explain your results intuitively and use the language so that people with only intro level economics can easily follow.
Elucidate how might raise the chance that the employee would retire earlier as compared with the situation where the employee had to pay for his own health insurance.
In spite of this potential impact on future growth (discussed in question 2), under what circumstances be a good idea to increase government borrowing? Justify. {Note: This is obviously your opinion—just be sure to back up your opinion.}
PC and QC are the equilibrium price and quantity if the firm behaves competitively, and PM and QM are the equilibrium price and quantity if the firm is a simple monopoly. how much is surplus is lost (deadweight loss) when there is a monopoly
Suppose that owners of high-rise office buildings are the main employers of custodial workers in acity. The city has decided to impose rent controls, and ithas established a rent ceiling below the previous equilibriumrental rate for offices throug..
Most commercial fish species in nearly every ocean and sea are rapidly depleted. The world fisherman and vessels represent twice as much fishing power as major stocks of fish can sustain.
Skill-biased technical change, through its effect on labor supply of skilled and unskilled workers, can generate an increase in wage inequality"
information technology it has been around for a long time but most health care organizations have not embraced
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