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If production causes an external cost and the supply including the externality is given by 1/3P=Q. What is the socially efficient level of of production if demand is Q=30-1/2P?
The economy for latest commercial equipment has dropped in the last seven quarters. You require a latest niche. You are the CEO. You will not fire anyone.
A researcher estimated that the price elasticity of demand for automobiles in the United States is -1.2, while the income elasticity of demand is 3.0. Next year, U.S. if sales of domestically produced automobiles do expect U.S auto makers to sell nex..
Consider the production function Q = 20K1/2L1/2. The firm operates in the short run with 16 units of capital.f. If the firm produces 160 units, determine the units of labor that are employed, the average product of labor, the marginal product of labo..
q.a consulting company estimated market demand and supply in a perfectly competitive industry and obtained the
John, Denny, Cass, and Michelle decided to perform music together from time to time. John would pay to book a venue. Denny would pay for gas in Cass’s car (a beat up car, but that she later replaced with a Porsche), How should they split the money th..
It has been found that immigrants who come to the U.S. from nearby countries (such as Mexico or Canada) have a very high probability of returning to their countries of origin within a few years of coming to the U.S. Holding all other factors constant..
What is the relationship between fiscal deficit and currency crisis?
Suppose the exchange rate between the United States and China changed from 1USD=6.6CNY to 1USD=6CNY. In addition, there is sudden inflation in the United States but, but not in China. What do you expect to happen to US exports and Chinese imports bas..
Using the official unemployment numbers to understand the state of the economy is said to have two major shortcomings. Identify these flaws.
Four percent of the customers of a mortgage company default on their payment. a sample of five customers is selected. what is the probability that exactly two customers in the sample will default on their payments?
Calculate the current velocity of money from the Federal Reserve Database (FRED). Using the Weekly, Seasonally Adjusted, M1 Money Stock, Updated: 2015-07-02 and the Quarterly, Seasonally Adjusted Annual Rate, GDP, Updated: 2015-06-24 - posted for the..
How have belief systems spread over large areas?
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