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Question: Continuing from Exercise, the firm's factory sits on land owned by the firm that could be rented out for $30,000 per year. What was the firm's economic profit last year?
Exercise: A firm had sales revenue of $1 million last year. It spent $600,000 on labor, $150,000 on capital and $200,000 on materials. What was the firm's accounting profit?
suppose you have the following simultaneous equations model:which are the endogenous variables (y & x3) and the exogenous (Z, X2) Im lost as to what X1 is because it appears on both equations? also which equation is identified or not identified or ..
What will the equilibrium price and quantity of cameras be? Calculate the producer and consumer surplus associated with the equilibrium found in part (a).
Why is there a social cost to monopsony power? If the gains to buyers from monopsony power could be redistributed to sellers, would the social cost of monopsony power be eliminated? Explain briefly.
according to the law of demand if price increases quantity demanded of a good or service will decrease or vice versa.
identify an organization not previously selected and recommend methods to reduce costs. what effects do technologies
An airline loses money on one of its routes but has decided to continue to provide service. Could this decision be economically rational in the short-run? In the long-run?
Identify at least four key points of a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course concepts covered in Weeks 1-8.
write a four to five 4-5 page paper in which you1. explain why government regulation is needed citing the major reasons
Now suppose there are many such firms, each of which has a potential project; these firms only differ in that they discover the existence of these projects at different times. How would the aggregate amount of investment observed over any given ti..
Most economists regard investment as being less stable than consumption. Looking at the determinants of each factor, support this contention
How did the shift affect the employees? How did he try to get all the employees to buy into the reshaping of the company?
Find the cross price elasticity between marijuana and cigarette. Interpret the result. d. Suppose the government increases the tax on cigarette such that its price soars by 20%
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