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A price ceiling is: the minimum legal price that a firm can charge. the maximum legal price that a firm can charge. Above the competitive equilibrium price and equal to the competitive equilibrium price.
choose a major capital piece of quipment to be used in the radiology department of a hospital e.g. cat scan mri nuclear
Economics is about trade-offs. If more scarce resources are used to produce one thing, fewer will be available to produce others.” Evaluate this statement
A firm operating under monopolistic competition - a price maker - is facing an unexpected inventory build up due to a weakening national economy. How does this firm allocate output between its several plants? How is the selling price determined at th..
Some reject fiscal stimulus measures in all policy forms. Explain what the various limitations are to a successful fiscal stimulus. Be sure to consider the damaging activities and decisions of (a) private corporations, (b) comm..
What do economists mean when they refer to "economies of scale" Why do economies of scale exist in the context of hospital services Does this mean a hospital market comprised of a few large hospitals is preferable to a hospital market comprised of..
Completion of import documents needed for entry into the U.S. to include the tariff classification number and impacted duty rates or fees. Potential dumping issues (i.e. predatory pricing with knockoff products: when manufacturers export a product..
Draw the demand curve for your product (market share vs. price). If a segment is indifferent between buying and not buying, assume they will buy.
Consider a competitive industry with a large number of firms, all of which have identical cost functions c(y)=y2+1 for y>0 and c(0)=0. Suppose that initially the demand curve for this industry is by D(p)=52-p. (The output of a firm does not have to b..
Discuss why is it important to think that the holistic view of a student in terms of standardized assessment and how would the results of your interpretation effect educational decisions for the student?
Was this purchase a good deal for Khazad-dum Inc and what would then be the annual cost of Redwood National Park if the interest rate is 10% - What is the opportunity cost of the establishment of the park
suppose a consumer has 600 to spend on two goods good x and good y. the price of good x is given by px 20. the price
In the competitive industry, reduction in property tax rate on fixed capital (plant) would reduce the fixed cost of all firms. This would have the following short-run effects on P, Q, and q respectively.
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