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Question: A local business owner tells you economics is wrong because people do not respond to incentives. She tells you that she increased all of her employees' pay by 10 percent and they did not work any harder. Is her conclusion justified? Why? Would economics be wrong if she cut all their pay and they did not try to get away with more loafing on the job?
If a monopolist had no production costs, it would produce the output where marginal revenue intersects the quantity axis.
The U.S. Department of Agriculture (USDA) has been concerned that Americans aren't eating enough fruits and vegetables, and they've considered coupons.
Restate the objective function of this problem in such a way that it is technically a maximization problem, with a solution identical to a minimization problem given the constraints stated in part a.
There are two firms, A and B. Each makes a hard drive and a monitor. Label the hard drive and monitor made by A as AH and AM respectively. Label the hard drive and monitor made by firm B as BH and BM respectively. Manufacturing costs of all pro..
Discuss the model or economic theory that relates to the issue presented in the news article and discuss what economic theory states and predicts about the issue presented in the news article.
In researching a voting system, you discover that it obeys three criteria. With this information, what else do you know about this system? How can you be sure?
What is the consumer surplus [loss] associated with the merger and what was the profit before the merger? after? increase? How does the consumer loss compare to the increase in profit?
explain why the aggregate supply curve is vertical in a graph with the price level on the vertical axis and real gdp on
current event1. with an economic perspective write a brief summary of the current event article2. write your opinion
Determine the integrated market's equilibrium price, average cost and number of firms. Conclude on the desirability of openness to trade in this case.
How do the moving averages for the same values of m compare between a trend-moving average and a centered-moving average?
Why do you think that economic profit may be better measure of profit than purely accounting profit? What some explicit and implicit costs of attending college
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