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What are menu costs? How has the widespread use of computers and the Internet affected menu costs? If menu costs were eliminated, would the short-run aggregate supply curve be a vertical line? Briefly explain.
for this project you are required to create a fictitious business and describe your industry costs market type pricing
Describe the background of your hypothetical corporation. Your description should include, but not be limited to, the type of business, products, and services that your MNC provides.
Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these principles or concepts as microeconomics or macroeconomics.
Which of the following beliefs is not part of supply-side economics?
looking at the chart below suggest the kinds of variables that could be used to represent the following factors which
Insurance agents receive a commission on the policies they sell. Many states regulate the rates that can be charged for insurance. Would higher or lower rates increase the incomes of agents Explain, distinguishing between the short run and the lon..
Filene's has 120 of these winter coats for sale. What is its expected total revenue from the pricing scheme in part?
Consider the market for chocolate. The market supply curve is given by Q=2P. Let Mary's demand curve for chocolate be Q=3-P and Bob's demand curve is Q=6-P. Suppose Mary and Bob are the only consumers of chocolate in this market. Graph Mary's dema..
The described excise tax is imposed on producers of whiskey: this implies that the suppliers in this market incur 100% of the tax nominally. In terms of economic incidence, what percentage of the tax is actually borne by suppliers
Employing the new factory would ultimately reduce average total cost and the present value of the gain from employing the new factory must be less or equal to $50 million.
1. Remember the supply and demand for pizza?
Markets have been present to some degree throughout history, but market society is fairly recent. What does Varoufakis argue was necessary for the development of capitalism and modern economic analysis?
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