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National income: The national income or product or expenditure provides a measure of total value at factor cost of final goods and services, which are available either fo
what is the profit maximising quantity of L
Hotel rooms go for $100/room and sell 1000/day; if taxed at $10/room and rate goes to $108 and 900 rooms are sold, what''s the tax revenue and dead weight loss?
lung run eqiulibrium
equation for a demand curve is p=2/q. what is the elasticity of demand if price falls from 5 to 4
in the keynesian model, the price is assumed to be what?
The drawbacks of a mixed economy actually depend on how "mixed" it is. For instance, if it is mixed more towards a free-market, there is little regulation (some may see this as a g
1. Refer to the data in the file "asm2Q1.xls" on the annual number of fatalities (FATALS, y ) from gas and dust explosion in coal mines for the years 1915 to 1978 and the number o
what is equilibrium
How do you calculate marginal revenue, and monopolistic profit?
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