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How is it possible that in perfect competition some firms have economic profits equal to zero while others have a positive economic profit. Can they have a positive consumer surplus? Isn't it a contradiction?
Illustrate what was the growth rate of the GDP deflator between 1999 and 2000.
Elucidate how would you improve this survey to better reflect the needs of the consumer.
Many universities allocate financial aid to undergraduate students on the basis of some measure of need. does this price reflect pure charity or price discrimination? if it reflects price discrimination do you think it lies closer to first degree dis..
In fact, an insurance agent explains that he is always true. Nevertheless, the engineer buys fire insurance. Explain why this is or is not a logical decision.
For an interest rate of 12% and a lifetime of 10 years, which proposal should be selected? Calculate your answer in three ways: Using present worth on incremental investment
Elucidate why a firm might want to produce its good even after diminishing marginal returns have set in and marginal cost is rising.
Identify four different types of Regional Trade Agreements (RTAs). 2. Examine the European Union (EU) and its current state. Discuss how the EU is related to RTAs. 3. Discuss the benefits and negative aspects of using a common currency.
Demand for microprocessors is given through P=35-5Q, where Q is the quantity of mircochips. The typical company total cost of manufacturing chips is Ci=5qi, where qi is the output of company i.
Show the equilibrium effects on consumption and hours worked of and increase in G of this type are ambiguous but that output increases.
A Chinese retailer offers to purchase running shoes for $55 per pair and tennis shoes for $55 per pair for distribution in China. Should the shoe company sell any shoes to the Chinese retailer?
q.university of richmond professor erik craft analyzed the states pricing of vanity plates. he found that in california
Explain how much must government spending increase to eliminate the GDP gap.
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