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Using the principles of supply and demand, develop a plan to alleviate the shortage of math and science teachers within this country. Try to use price and non-price determinants as your tools to reach equilibrium. Defend your position using economic principles.
Refer to situation. An economist would predict that onc e price controls were abolished in the spring of 1974,A) The price of gasoline would decline sharply B) The surplus of gasoline would vanish
Assume that a Pfizer has a linear demand curve for Lipitor, a constant marginal cost curve (i.e. the marginal cost is a constant), and is a monopolist in this market.
What is the equilibrium level of national product? What is the government's budget surplus?
Explain how much smaller (in percentage terms) is each generation than the previous generation.
Why is efficiency lost at the boundaries as when substantially more of one good and very little of another is produced.
In which direction will the scale effect change the firm’s employment of labor? c. Can you say conclusively whether the firm will use more or less labor? More or less capital?
find marginal cost of last unit produced. What is firms percentage mark-up of price over marginal cost.
Show an expression for average cost. Derive an expression for marginal costs. Is there any range of production characterized by scale of economies.
The once mighty General Motors, unable to survive by meeting the needs of customers turned to the taxpayers for a bailout in the U.S. In Europe its Opel subsidiary required similar life support from the German government. What are the costs and benef..
In the long run, both monopolistically competitive and prefectly competitive firms attain
Explain how much business CPI does abroad, the firm would expose 5 to 20 percent of revenue to currency fluctuations.
q.sometimes a bidder on a work contract may bid lower than what would maximize hisher profit from the contract and the
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