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Suppose that the cost of eradicating polio from a society of 1,000 persons is $5 per person. Also suppose that only two persons in the society will benefit from that policy, and the benefit to each of those persons is $2,000. Then what is the social surplus created by eradicating polio?
q1. assume which perfectly competitive firms producing cashews discover which p exceeds mc. will their combined output
q1. a perfectly competitive firm has total cost function as followtc 2q2 4q 200a. what are the firms break-even
Why these former employees faced difficulties because the market for their very technical skills was declining. These workers were.
given the tc300004q 0.0004q2 with a constant whole price 20clock. what is the breakeven quantity the profit maximizing
Describe the least cost combination of L and K when output is produced at the rate of 1,000 tons per day. Determine the required outlay for 1,000 tons per day.
Consider a firm for which production depends on two normal inputs, labor and capital, that are not perfect complements. Initially the firm faces market prices of w = 10 and r = 8, for labor and capital. In which direction will the substitution effect..
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Explain the 4 ways the Federal Reserve would increase the money Supply and explain and graph how this would impact interest rates, consumption, and investment, AD, GDP, Prices and Unemployment.
Suppose that the price of Hershey’s chocolate increases. What would happen to equilibrium price and quantity in the market for Godiva chocolate? Be able to draw the graph that illustrates your answer.
Construct a response to the Federal Reserve actions aimed at lowering long-term interest rates
If the objective is to increase total revenue, should the price be increased or decreased, Explain.
What is the percent value of a loan that calls for the payment of $500 per year for six years if the discount rate is 10 percent and the first payment will be made one year from now? How would your answer change if the $500 per year occurred for ten ..
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