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What are the differences between productive and allocative efficiency? What conditions must be present for productive and allocative efficiency to be achieved in the 'real' world? How does industry entry and exit promote efficiency?
Elucidate how Elucidate how an increase in the marketplace demand elasticity affects the elasticity of the residual demand curve.
Calculation of the unemployment rate and part time workers who would prefer to work full time.
Illustrate what happens in the long run when the patent expires also other firms are free to use the technology.
If there were only one seller, illustrate what would be the equilibrium price and quantity.
In the Castorian Airline market there are only two firms. Each firm is deciding whether to offer a frequent flyer program.
If the objective is to increase total revenue, should the price be increased or decreased, Explain.
how should she reallocate her expenditures between the two goods
when buying a car the seller suspects you have an ELASTIC demand
Illustrate what price and quantity of computers should you produce to maximize your firm's profits. Explicidate long adjustment should you anticipate.
Simply speaking increasing inventory turnover is an important goal for retail manager. Illustrate what are the consequences of turnover that's too slow.
A New York Times editorialist recently advocated a cut in the payroll tax.
Which economic decision makers determine the demand for labor. What are their goals. Illustrate the decision criteria do they use to reach their goals.
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