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Explain the differecnce between fixed-procuction technology and variable-production technology. Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with fixed-production technology? should they do so in industries with variable technology?
Economists also businesses almost always compare costs and benefits in their decision making.
Ricardo believed that the target of economic analysis was to understand the distribution of income between three major classes: capitalists, workers, and landowners.
Barriers to entry, such as patents, licenses, or international trade restrictions, may be government imposed. How do government-imposed barriers such as patents impact consumers and suppliers in these markets?
Illustrate what do these indicators suggest about the future prospects of Walmart.
Use the IS/LM model and the IS-PC-MR model to explain what monetary policy to pursue.
Assume Helen's income increased from $30,000 per year to $45,000 per year and Helen\'s crab meat consumption went from 25 pounds per year to 30 pounds per year.
Suppose the academy agrees explain how many athletes are required to eliminate the deficit.
A monopolist encounters the following demand curve: P=120-0.02Q-What is the level of production, price and total profits per week?
15 page term paper on International Business from economic view point. The topic is effect of corruption on Chinese and Indian economy and how India's IT sector (or could be any other sector in which compared to China the corruption is less) is ab..
Illustrate what effects could be taken, comprising monetary and-or fiscal policies
Elucidate why monopolistically competitive firms frequently prefer non-price competition to price competition.
Considering factors such as food supplies, population growth, water availability and renewable energy, compare the marginal costs and the marginal benefits of global warming and describe what an ‘environmentally sustainable' economy would be.
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