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Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm.
assume that the government imposed a price ceiling on gasoline in order to prevent prices from getting too high. what
Compare and contrast your local utility company with a local farmer (corn, soy bean, cotton, etc.). Why does your utility company always operate with price is greater than marginal cost whereby the farmer attempts to produce where price equals mar..
recent increases in rents have caused the citizens of elmville to vote for a rent ceiling of 1200. assuming all rental
1. How does a current budget deficit affect future workers How could a policy by the current government to reduce the national debt hurt these future workers 2. Monetary and fiscal policies are said to have "lags." What are lags and why do they exi..
looking at the chart below suggest the kinds of variables that could be used to represent the following factors which
What two classes (categories) of needs does Keynes say there are? Explain each one. Do you think his ideas about this are correct? Why, or why not?
Explain how the public interest theory of regulation might come to a different conclusion regarding emission fees v. marketable permits than the interest group theory
The U.S. Department of Education reported the following number of bachelor's degrees awarded now what is the annual arithmetic mean number of degrees awarded?
Two variable inputs, labor (L) and materials (M), are used to produce output. Company's current level of output: CL = $10 / unit, MPL = 25 CM = $2 / unit, MPM = 4 (!) Decide whether the firm is operating efficiently, given that its objective is to mi..
ABC company manufactures digital clock radios
Firm A judges that firm B would accept a 45 percent share with probability .9, a 40 percent share with probability .85, and a 35 percent share with probability .8. What offer should A make to maximize its expected profit?
Normal 0 false false false EN-US X-NONE X-NONE How does the introduction o..
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