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Q1. Use the suitable formulas to create 2 new columns for total profit as well as profit margin, correspondingly. Illustrate the maximum profit the El Dorado Star can earn? Illustrate the maximum possible profit margin? Are profits as well as profit margin maximized at the equal point on demand?
Q2. Illustrate a new point, A * , that is the no-trade equilibrium in Foreign. How do the relative no trade prices of computers compare in Home and Foreign? Therefore, what will be the pattern of trade between the countries, and why?
A wave of day laborers with experience in home construction moves into the area. Will this shift the labor supply curve, demand curve or both in home construction.
ALL colleges of business today also was 1st proposed as a factor of production by a classical economist less than 40 years after Adam Smith.
Find the predicted compensation with the productivity of 100. What is the residual for the observation of the base year, 1992?
Describe some of the conflicting social, economic, and environmental costs, benefits, and issues associated with construction of the Three Gorges Dam.
q. college enrolment increased at the same time that average tuition rose dramatically. does this contradict the law of
What was the accounting profit for the new business. What was the economic profit or loss. Explain your calculations for both questions.
Suppose government spending increases in a closed economy. Would the effect on aggregate demand be larger if the Bank of Canada took no action in response, or if the Bank were committed to maintaining a fixed interest rate.
In your opinion, discuss when it makes sense to forego purchasing car insurance (assuming the state did not require it). In your answer, use moral hazard and risk aversion to describe your decision.
What is market failure? If a market failure is present, does this imply that government intervention will lead to a more efficient allocation of resources? Why or why not?
Is this an example of a discrete or continuous probability distribution? (c) What is the mean number of emergency calls per day? (d) What is the standard deviation of the number of calls made daily?
Explain how will the level of the velocity of money change if there is a permanent (one time) increase in the nominal interest rate, holding other factors constant.
Compute average fixed cost, average variable cost, and average total cost for each quantity. What is the efficient scale of the painting company.
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