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Q1. Since the GDP is a total market value of final goods and services produced within a country over time. Why is this a reflection of this country's cost of living so varied making expenditures so hard to managing for a given time frame?
Q2. Does accounting profit or economic profit determine how entrepreneurs allocate resources between different business ventures.
Q3. If the price is $10 and marginal revenue equals marginal costs at $7 at a quantity of 400 lbs. If the firm's profit at that point is $800, find the average total cost.
Can you find a Nash equilibrium in pure strategies that is not efficient. In some legislatures, proposals for modifications of the law are formulated by committees.
The Road Runner Club contributes money to Senator Sly's reelection campaign fund, and Senator Sly helps pass legislation to add more jogging paths across the state
Flora's Flowers operates in a perfectly competitive market. At the point where marginal cost equals marginal revenue.
Someone proposes to buy the farm from you for $1 million. Would you make more by selling the farm or keeping it
Profits associated with polluting for Friedman Inc. are π = 40Q - 2Q2, where Q = pollution emitted (in tons), and profits are measured in dollars.
What are the annual accounting costs for the firm described above? What are the annual explicit costs for the firm described above?
Store maximizes profits and the price elasticity of demand for milk is -2 for coupon users, what is the price elasticity of demand for non-users.
In an effort to provide tax relief for households while still balancing the budget, Congress votes to raise business taxes and decrease personal taxes.
China has continued to lag well behind the rest of the world in information technologies
The manager of a large automobile dealership who wants to learn more about the effectiveness of various discounts offered to customers over the past 14 months
Austria has a history of strong hostility to nuclear power, and over the last twenty years the Austrians have shut down all of the reactors in Austria
The largest loan that the bank can make on the basis of the new deposit. If the bank chooses to hold reserves of $3,000 on the new deposit, what are the excess reserves on the deposit.
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