Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Describe why in competitive markets there can be profit or producer surplus in the short run but not the long run. Include the idea of "economic rent" for exceptionally productive inputs. Then imagine a firm with the same cost structure but in each of the four very distinct market structures: (1) Purely Competitive, (2) Monopolistically Competitive, (3) Monopoly and (4) Oligopoly. Using the concepts of producer surplus and consumer surplus, describe the long run outcome in each market structure and how producer surplus, consumer surplus and dead weight loss changes.
write down the normative economic statement and positive economic statement. describe in detail write difference when
Instead of the tax per bottle, suppose that the government imposes a tax on Placebo of $10,000 regardless of how many bottles are produced. How does this tax affect Placebo’s price, quantity, and profits? Explain.
The tax revenue and the dead weight loss.
Underproduction of Public Goods Suppose point A represents the optimal mix of output-that is, the mix of private and public goods that maximizes society's welfare. Because consumers won't demand purely public goods in the marketplace.
Is the firm operating in short run or long run? Explain.
National income and product data are generally revised. What effects would the following revisions have on consumption,investment, government purchases, net exports and GDP
An arrangement in which consumers choose their health-careservices while other institutions pay a share of the cost of thoseservices is called a(n)____ payer system a) provider fees b) insurance premiums
Workers are compensated by firms with “benefits” in addition to wages and salaries. The most prominent benefit offered by many firms is health insurance
please answe both questions no more than 250 words these are short answer questions do not need 2-3 page answers.1.
In calculating the incremental cost of a particular project, how would you treat the possible future costs of a lawsuit that may occur as a result of this project, where the cost of the lawsuit might range from $10,000 to $500,000 with an associat..
Manger wants to lower the costs of production, the manager should use an equal number of workers and machines
The theory of the Communists may be summed up in a single sentence: Abolition of private property,” This is from:
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd