Long run economic profits, 1. Igora's pizzeria want to know if it should st...

1. Igora's pizzeria want to know if it should stay open this spring. Total Revenue will be $ 12,000 per week and Total Cost will be $ 18,000 per week. The fixed cost of running the

Explain crowding out, Explain crowding out and why it may be considered imp...

Explain crowding out and why it may be considered important for policy makers. Crowding out refers to how enhanced government borrowing (real borrowing!) might serve to raise i

Money market, monetary policy

monetary policy

Production function, firm''s product sells for Rs.200 per unit in a highly ...

firm''s product sells for Rs.200 per unit in a highly competitive market. The firm produces output using capital (which it rents at Rs.7500 per hour) and labor (which is paid a wag

Microeconomic international policy, Ask questi‘Social welfare functions emb...

Ask questi‘Social welfare functions embody a normative conception of the relative importance of equity and efficiency’. With the aid of diagrams, illustrate and explain this propos

What are economies of scale and diseconomies of scale, What are economies o...

What are economies of scale and diseconomies of scale?  In economics, returns to scale and economies of scale are terms that are related and sometimes incorrectly used intercha

The lower the value MR of monopolist ,

Fit a simple linear regression model to the data, 1. Refer to the data in t...

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

#titlwhat is the second best?, what is the second best?prove the theorem wi...

what is the second best?prove the theorem with the help of a diagram?

Veblen effect, veblen effect

veblen effect