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The assumption that half of all the oranges are used to produce orange juice and one-third of all the paper is used to produce magazines. Will this effect the calculation of nominal gdp?
Walden's Leather is part of a regional chain of stores that sells leather goods--mostly men's and women's clothing--with the upscale Walden's brand name. Walden's primarily relies on its own stores where knowledgeable salespeople offer great servi..
A small open economy uses a mobile factor (labor) and two specific factors, dry land (D) and wetland (W) to produce two goods, cactus and rice. Dry land is only productive in growing cactus and wetlands can only grow rice. Presume the world relative ..
How many tons of ice cream will the factory produce? how much does it pay in emission fees? what are its profits?
In the middle of the decade , the party was over, and coffee wholesale prices started increasing because of some shortages caused by weather and the rising overall market prices again. Where is the new equilibrium price?
a countrys culture reflects and shapes its values and each country adopts laws that reflect their prevailing ethical
The concept of game theory is one I find intriguing. Its relationship to economics was not understood until the last decade and now the bulk of the Nobel economics prizes have been awarded for behavioural economics of which game theory is a component..
Assuming that Disneyland wants to serve both types of consumers, find the entry fee and the marginal price under the Oi two-part tariff. Assuming that Disneyland wants to serve both types of consumers, find the entry fee and the marginal price un..
A profit-maximizing firm in a competitive market is currently producing 100 units of output. It has average revenue so $10, average total cost of $8 and fixed cost of $200. what is the profit.
Write a paper addressing the concept of price equilibrium
what is an externality? provide examples. how does an externality affect the market outcome? is it possible for a
Consider industries that demonstrate monopoly, monopolistic competition, oligopoly, and perfect competition. What is the goal of creating a brand name for each of these market structures What does the brand name do to the demand curve for the prod..
A firm produces an output y using labor and capital, whose quantities are denoted respectively by x_L and x_K. Suppose this firm's production function is given by
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