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Q1. The cost of producing flat-screen TVs has fallen over the past several decades. Using the supply also demand model, explain the effect of the falling production costs on the price also quantity of flat screen TVs sold. Explain Illustrate what occurs to consumer also producer surplus as a result of the shift in supply. Assume the supply of flat-screen TVs is very elastic, who benefits the most from falling production costs - consumers or producers of these TVs? Explain.
Q. Assume you just finished your third plateful of Thanksgiving dinner also it yielded zero units of additional satisfaction. Should you go back for more?
It is possible for a company with positive retained earnings to be unable to pay cash dividend since they may not have the cash supply.
What are the annual accounting costs for the firm described above? What are the annual explicit costs for the firm described above?
Compare the competitive price charged and quantity produced under perfect competition and monopoly. Other than identifying the presence of only one producer under monopoly, why do we tend to see this differential.
During the recession of 2001, despite the reduce in aggregate Demand the price level was essentially stable. That of the following is a reason for this.
Assume there is a 50% chance of the savings account losing half your money. Elucidate how much does the person save now?
The two economies are so far apart that they don't share ideas and each evolves as a separate roomer economy.
Compare the rationale of the Reagan administration for the 1981 tax reductions with the rationale behind the Kennedy-Johnson tax cut of 1964
Suppose also that ham and cheese are the only goods that this person buys and that bread is free.
Help wanted advertising is higher than usual also the consumer price index is up more than expected.Inflation has slowed markedly also the Dow Jones average is at record levels.
Global studios are thinking of producing a mega film, Aqua world, which could be a mega hit or a mega flop.
Identify those who gave us the concepts of monopsony and human capital.
The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are $100.
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