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Q1. What happened why did you leave the question and suddenly demand higher price?
Q2. How do I calculate the change in average earnings (wages) over a 1 year period. I know how to calculate the percentage average change but not the change in average earnings.
A thick book with 1200 pages has quite a few typographical errors. There are only 180 pages without typographical errorsin whole book. If typographical errors occur andomly, about how many pagesin book have three typographical errors? What is the median number of typographical errors per page?
The private marginal benefit for commodity X is given by 50-5 X , where X is the number of units consumed. The private marginal cost of producing X is constant at $10. For each unit of X produced, an external benefit of $5 is imposed on membe..
Illustrate what will be level of employment under monopsonistic conditions.
The following describes what type of document: a detailed written statement that describes the nature of the business, the target market, the advantages the business will have in relation to competition, and the resources and qualifications of the..
How do the buyer's returns compare with the method of payment, and how do they compare with single versus multiple bidders.
If the market price of the product is 270, how much output should the firm produce in order to maximize profit. How much profit will this firm make.
The Law of Demand states that the demand for a product is inversely related to the cost of such product.
What could firm A do to make its threat credible without building excess capacity? Will firm A use the low price as a threat if firm B enters?
Illustrate and explain the movement of the aggregate demand and aggregate supply curve both in the short and long run.
When one person saves, that person's wealth is increased, meaning that he or she can consume more in future. But when everyone saves, everyone's income falls, meaning that everyone must consume less today. Explain this seeming contradiction.
If Inputs A and B are respectively 20% and 40% of the cost of producing this product, what is the effective rate of protection on the product?
The down payment is paid immediately, and the monthly payments are due at the end of each month. The effective annual interest rate Helen is paying is most nearly?
A monopolist has determined that marginal revenue is $2.00 and average cost is $1.75. It has also determined that the lowest sustainable average cost is $1.75. To maximize profit, should the firm lower its price, increase its price, or leave the pric..
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