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If the government could only observe prices, quantities, and royalty rates (But did not know the demand curves or the marginal cost curves), could it determine if a royalty was for a minor or major patent?
1. suppose there are two consumers a and b.the utility functions of each consumer are given byuaxy xyubxy
Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, neither, or both. Which curve shifts, and in which direction What happens to aggregate output and the price level in..
BudgetSurplus: The amount by which government revenues exceedgovernment expenditures in a given year. PublicDebt: The total accumulation of the FederalGovernment's total deficits and surpluses which have occurredthrough time.
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulate..
Suppose that firms in the short-run are earning above-normal profits. Describe what will take place to these profits in long-run for the following markets:
Suppose that people derive utility from two goods---housing (H) and all other consumption goods(C).a. Show a typical consumer's allocation of his or her income between H and C
a friend of mine came to penn state in the 1970s and told me that sticky buns at the college diner cost .75 75 cents in
suppose a firm is currently using 500 laborers and 325 units of capital to produce its product. the wage rate is 25 and
Assume that a 10 percent-coupon bond ($1000 face-value) is purchased at a price of $960, held one year, and sold for $1020. What is the one-year holding period return for this coupon bond?
What are some real-life examples of monopolistically competitive, oligopoly, and monopoly markets?
Josh and Alex work as design engineers creating high-end lighting fixtures. After one particularly enlightened afternoon, they decide to follow their dreams and open a cupcake bakery. Please sort their various costs, listed below, into the correct ca..
organizations produce outputs that are consumed by customers. because customers are vital to the organizations survival
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