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1. Explain why total revenue doesn't always increase when price is raised.
2. Explain why the issue of firm interdependence makes modelling firm behavior under oligopoly so difficult.
3. Why is so important to seasonally adjust data?
4. Why are there four different components to a time series analysis and why are they important?
q1. james marshallian demand function clarifies the utility maximization problem that is max u x1 x2. as the cost of
Find the effective annual interest rate (b) Use your result in (a) to find the value of the investment immediately after the 10th investment (use the algebraic form of any interest factors used).
A fairer distribution of rewards may generate a higher average productive effort on the part of the population in that way enhancing efficiency.
The opportunity cost of Juan's time is $8 per hour. If Juan receives $2 per pound for his fish, what is the optimal number of hours he should spend fishing.
A sum of sufficient magnitude is to be invested now so that starting in 10 years from now an amount of $2500 per year can be paid in each of 8 succeeding years. The unexpended money remains invested at 6% compounded annually. How much must be allo..
illustrate what is cost of each combination. Illustrate what is minimum-cost combination. Plot iso-cost curves and isoquant, explain how cost-minimizing combination.
q1. suppose that you can schedule a worker up to four hours per day. the benefit function is given by bh 500h - 22.5h2
Amanda and Blake have found a house, which owing to a depressed real estate market costs only $201500. They will put $22000 down and finance the remainder with a 30-year mortgage loan from Bank of America at 4.65% (compounded monthly).
Assume , at its present rate of output, a perfectly competitive firm's marginal revenue exceeds both its marginal cost and its average variable cost. To maximize profit, the firm should.
q.assume you are a typical consumer and expect to work for 40 years from this point onward and to live for 10 years
q1. were past societies in human history more ecological than our society today? what is the most ecological society
Illustrate what would production at a point outside the production possibilities curve indicate? What must occur before the economy can attain such a level of production.
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