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Which of the following would cause a movement along the supply curve(that is,a change in the quantity supplied)for hot dogs check all that apply
a. a change in the number of producers
b. a change in the price of hot dogs
c. a change in the price of pork(used in the production of hot dogs)
The more narrowly we define a good, the easier it is to find substitutes, and
Illustrate what is the maximum amount your firm should be willing to spend on lobbying efforts to prevent the cost from being regulated at the socially optimal level.
q.some economists have suggested that the best way to control medical costs is to remove the profit incentive for
U.S. exports and imports each affect domestic production because: A. imports are added to U.S. GDP and exports are subtracted B. exports and imports and added to U.S. GDP C. imports are substracted from U.S. GDP and exports are added. D. exports ..
Illustrate what are the firms ATC per unit at these three levels of production. If every firm in this industry has the similar cost structure, is the industry in long-run competitive equilibrium.
what compounded annual increase in cost is this? how does the increase in the cost of natural gas compare to a 3% annual rate of inflation during the same period of time?
most powerful people in the world might be measured more powerful than most countries leaders
q. assume that capital goods are on the vertical axis of a production possibilities graph and that consumer goods are
Explain why does it matter which particular mix of price and quantity is selected.
q.consider the following demand as well as schedule for bottles of watercost p quantity demand as well as used by
Illustrate what is her economic profit or economic loss. What happens to demand for labor. What are the new equilibrium wage rate and employment level.
smaller multiplier means that change in government purchases of goods and services, government transfers, or taxes necessary to close an inflationary or recessionary gap is larger. How can you explain this apparent inconsistency.
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