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The Costs of Production
A small firm in the agricultural industry, Joseph Farms, Inc., has researched limited data for their firm. They are asking you to help them complete the information below so they will be able to make decisions based on the data.
Walmart wants to open a superstore near you. List the reasons why you think they (a) should be allowed to do so; (b) should not be allowed to do so.
A producer produces good y using inputs x1 and x2 according to the production function y = x1^(alpha)x2^(beta) where alpha + beta
America is considered a rich nation because Americans can choose from an abundance of goods and services. How can there be scarcity in a land of abundance.
Suppose that a firm’s only viable input is labor. The firm increases the number of employees from four to five, thereby causing weekly output to rise by two units and total costs to increase from $3,000 per week to $3,300 per week.
in a simple economy people consume only 2 goods food and clothing. the market basket of goods used to compute the cpi
What is the competitive equilibrium price per ride? What is the equilibrium number of rides per day? What is the minimum number of taxi cabs in equilibrium?
You have some goods to auction. You have a friend who suggests that you use an English auction. What information do you want to know before you decide whether or not to take your friends advice?
Suppose your telephone plan charges you $25 per month plus ten cents per minute for long distance calls. Write an equation that describes your monthly telephone account.
Rebut the above criticism from the viewpoint of the proponents of the flexible exchange rate regime.
When a perfectly competitive firm is in long-run equilibrium, what is the relationship between the firm's marginal cost, average total cost, marginal revenue, and price?
Suppose a manager is interested in implementing third-degree price discrimination.The manager knows that the price elasticity of demand for Group 1 is -2 and the price elasticity of demand for Group 2 is -1.2.
Elucidate how the enterprise zones could be utilized to enhance the economic development implications of your policy issue.
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