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A per unit tax on the unimproved value of land results in zero deadweight loss since the:
a.supply of land is perfectly elastic
b.supply of land is perfectly inealtic
c. deamnd of land is perfectly inelastic
d.demand of land is perfectly elastic
Identify two products that have either fallen sharply in price or gotten significantly better without price increases. Explain why. If an oligopolist knows rivals will match a price cut, would they ever reduce their price?
We would like to estimate the need for physicians in a country. What approach would you follow to estimate the need? Briefly describe the method you are proposing (describe one method only) and discuss some potential limitations of the approach.
The marginal cost for a software company is zero. There are equal numbers of home users and commercial users, and the company cannot distinguish between the users. What is the best strategy for a software developer given the demand below?
assume that the potato chip industry in the northwest in 2007 was competitively structured and in long-run competitive
Apply the rule of 70 to solve the following problem. Real GDP per person in Mexico in 2005 was about $12,000 per person, while it was about $48,000 per person in the United States
When the economy in the region tanked, he could no longer cover his losses with new debt or equity infusions, and the whole empire fell like a house of cards.
How did society address the problems involved and then the Act - Other relevant regulations to ODA 1972 and new amendments
Explain how the circular flow diagram relates to the current economic situation. Using the circular flow diagram, explain a way that your family interacts in the factor market and a way that it interacts in the products market.
Graph the firm’s long-run average cost and show that it reaches a minimum where q =1. Determine the long-run equilibrium price (p*) and the firm’s long-run equilibrium output (q*).
ABC company manufactures digital clock radios
How do I know whether these goods are complementary or not?
Dissimilar demographic groups- Have dissimilar unemployment rates, Have identical unemployment rates
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