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A watch manufacture finds that at 1,000 units of output, its marginal costs are below average total costs. If it produces an additional watch, will its average total cost rise, fall, or stay the same.
The opening statement on the Web site of the Organization of Petroleum Exporting Countries says, "OPEC's eleven members are all developing countries whose economies are heavily reliant on oil export revenues. THey therefore seek stable oil prices ..
A university has 2 input variables, professors and staff. When it recently hired a new professor, the number of students increased by 3 per day. Then it added a new staff, and the number of students per day increased by 2. Professors cost $300,0..
Illustrate which tool is used most frequently. Illustrate what are two limitations on the money expansion process.
List the federal government's three most important sources of tax revenue. How do these differ from your state government's three most important sources of tax revenue Why do you think that these different government entities use different tax bas..
Explain her change in consumption in terms of income and substitution effects (give a precise quantitative answer). Is this a Griffin good (how do you know)?
The public's preference is to hold their money as half cash, half demand deposit. Reserve requirement is 25%. Determine monetary multiplier.
The market of laptops is given then take the range of values for the price from $1 to $30 and calculate corresponding demand and supply quantities.
Discuss how international trade affects U.S. economy. Explain how foreign exchange rates are determined.
What would you give an example of a microeconomic decision you've made at work or home? What factors contributed to making that decision.
1. what two policies could you use to reduce the total amount of emissions 2. why do you think each would work 3. what would the benefits of each action be (besides emissions reduction) 4. what would the cost of each action be
Emily makes cartoons whioch she sells to her classmates. Her average product of labor is 5 cartoons every hour if she works for one hour, four per hour
Does the monopoly serve both groups of customers? Compare the monopoly’s profit from the optimal pair of two part tariffs with the profit that she could make if she ignored the poor consumers altogether.
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