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1. In the town of Woodland, California, there are many dentists but only one eye doctor. Are senior citizens more likely to be offered discount prices for dental exams or for eye exams? Why?
2. Why did MGM bundle Gone with the Wind and Getting Gertie's Garter? What characteristic of demands is needed for bundling to increase profits?
Suppose the production function of a firm is Q=100k^1/2 L^1/2. the corresponding long run cost curve was found to be TC=(Qw^1/2r^1/2)/50. Use this information to verify that Shephard's Lemma works when deriving the input demand functions.
answer the next question on the basis of the following production possibilities data for landia and scandia landia
Contrast the structure and function of investment banks, mutual funds, hedge funds, pension funds and insurance companies.
Write down the some real-life examples of monopolistically competitive, oligopoly, and monopoly markets.
Calculate Jill's accounting profit - calculate Jill's economic profit and what makes economic profit different from accounting profit?
Which of the following variables or policies can influence economic growth in the long run?A. an increase in capital stock
according to the federal reserves federal open market committee 2011 the federal reserve controls the three tools of
Draw a graph that shows how education as a signal could be used to separate low- and high-ability job applicants. Explain how education as a signal works.
How does history play a role in today's economy?
some economists believe that supply determines what happens to demand while others believe demand determines what
a. suppose your local congress representative suggests that the federal government intervene in the gasoline market to
Consider a typical village money lender in a loan market where competition among money lenders drives the rural rate of interest to a point where each lender on average earns zero expected profits (over and above the opportunity cost of funds to l..
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