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Suppose that the economies of scale in using fracking methods in drilling for oil are greater than when using conventional drilling methods. What would the likely consequences be for the number of firms drilling for oil in the United States?
john and dave value national defense differently. johns demand for the public good is p 50 - .20q. daves demand for
question 1. suppose you are working as a consultant for a perfectly competitive firm that is worried about its policies
What number of drivers appears to be most efficient in terms of output per driver and what number of drivers appears to minimize the marginal cost of transportation assuming that all drivers are paid the same salary?
What is the market price of fish in Fire Island? How much is consumer and producer surplus?
We can examine the effects of a subsidy with a simple supply and demand model. Suppose the graph below shows the market for kerosene in Indonesia. The line labeled S1 represents
Find the equation of the new demand curve for Chevrolets. Plot the new demand curve, D1 c' and, on the same graph, plot the curve for Chevrolets, D c'. found in 2 (d).
What is the difference between average total cost and average variable cost
Select a current exchange rate practice and explain the economic factors that influence that practice. As always, please provide references to support your efforts.
If the average adult produces $70,000 of output per year, how much output is lost annually as a result of adult deaths from secondhand smoke?
Consider a monopolistically competitive market with N firms. The following equations describe the demand, marginal revenue and cost for each firm.
The labor demand curve for Baristas at coffee shops in a certain city is E=300-20W where E is the Barista hours demanded and W is the wage in dollars per hour. The equilibrium wage is $4 per hour but the government puts in place a minimum wage of $5 ..
pollution is considered baby most negative externality. some ecinomists would like to see the vista of these burdens
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