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Fill in the surplus-shortage column. I want to know how to get the answers
Then answer the following:
A) what is the equilibrium price in this market?
At what price is there neither a surplus nor a shortage?
B) draw the supply curve and the demand curve and locate the equilibrium price and quality.
Illustrate what economic decision makers determine the demand for labor. What is their goal, and what decision criteria do they use in trying to reach that goal.
Illustrate scarcity, choice also prospect cost with the aid of a diagram demonstrating a production possibilities frontier
You are the general manager of the Red Dog mine, which is the sole operator in Alaska selling copper. You have a maximum of S =1,000 tons available to sell this year and next year, and the demand for copper will be constant at p q = ? 1,000 each year..
Illustrate what happens to the marginal product of each individual factor as that factor is increased, and the other factor is held constant.
q1. you buy a season pass to the philharmonic symphony hall. you paid 250 for five performances. what is the money cost
A pure monopolist determines that at the current level of output the marginal cost of production is $2, average variable costs are $2.75, and average total costs are $2.95. The marginal revenue is $2.75. What would you recommend that the monopolist..
What is the economic rationale behind Airline mergers? Bring both supply side (costs) and demand side (revenue) considerations into your answer. Simple diagrams would be beneficial.
Explain why total revenue doesn't always increase when price is raised. Explain why the issue of firm interdependence makes modelling firm behavior under oligopoly so difficult. Why is so important to seasonally adjust data?
There are about 34,000 full service restaurants in Miami-Dade County, Florida with a population of about 2.5 million. What type of market structure is the restaurant business in Miami-Dade County? Are there submarkets with distinct characteristics? E..
Recently proposed energy legislation has caused concern in West Virginia, particularly in respect to impact on the coal, oil and gas industries.
q1. the happy crystal bank of kowloon lends money to risky businesses. the risk premium it charges on its loans is
For out Back Steakhouse, seating capacity is limited in the short run.
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