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When calculating the total social marginal benefit of providing an additional unit of a pure public good, why is correct to simply add up the marginal benefit to each household of that public good?
The base year is 2009. Real GDP in 2009 was $10 trillion (2009 dollars). The GDP price index in 2009 was 112, and real GDP in 2013 was $11 trillion (2009 dollars). Calculate nominal GDP in 2009 and in 2013 and the percentage increase in nominal GDP f..
This document contains various important questions and their appropriate answers in the subject field of Economics.
assume equilibrium price in a perfectly competitive market is $100 and within this market, a typical firms total cost curve is summarised. Find expected profit maximizing output.
Using two-stage least squares, estimate the demand equation in GRETL. Using two-stage least squares, estimate the supply equation in GRETL.
How is elasticity related to revenue. How is diminishing marginal returns related to cost. How are revenues and costs related to profit.
Describe economics and Describe the economic perspective, including definitions of scarcity, opportunity cost, purposeful behavior.
How do the instruments of contraction monetary policy work in principle.
That of the following would mostly likely cause the Demand for miller beer to reduce.
make a recommendation to your neighbor based on convincing economic analysis.
A county with 1M (M for million) population, 2% unemployment, and no in ation, voted to build a stadium and rent it to a professional baseball team. The team owner, who was not a county resident, was to pay $1M per year rent for use of the stadium an..
Elucidate the relationship among scarcity, choice and opportunity cost in the context of managerial economics.
Create an overview of the organization (history, type of product or service, type of organization, management style, organizational values, mission statement.
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