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Show analytically that equilibrium price under Cournot is greater than price under perfect competition but lower than monopoly price.
Using information given: What is average cost of first do these of a new drug. What about marginal cost of subsequent doses? Is this consistent with behaviour of costs for an information product.
Illustrate what basic principles does production possibilities (or transformation) curve. Consider where an increase in production of one good requires an increase or decrease in production of or goods when K and L are held constant.
Assume that there are 10 million workers in Canada also that each of these workers can manufacture
Elucidate would you suggest he buy more jeans and fewer t-shirts, or more t-shirts and fewer jeans.
Evaluate this monitoring system. What would you do differently? Consider the benefits as well as costs of any change you recommend.
Product Y can be sold at a profit if $100 per unit, and product K can be sold at a profit of $25 each.
Discuss - Deficit spending paves the road to ruin. Explain how much of the national debt is held by foreigners.
Given the difficulties which the regulation of public utilities faces that would it not is better to nationalize public utilities as several European countries have done.
Compute the elasticity of demand when the price of a deluxe cheeseburger raises $2.50 to $3.00 which causes sales to fall from 175 deluxe cheeseburgers each day to 125 deluxe cheeseburgers each day.
Illustrate what specific factors might have accounted for this event.
Describe three problems of decentralization that occurred under the Articles of Confederation. For each problem you list, identify one solution that the Constitution provides to address the problem.
Compute the monthly payment and explain whether taking this loan is a smart business decision.
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