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When airlines increase the number of safety inspections of their engines,
a. there is no cost, since more safety benefits everybody.
b. there is no cost as a whole, since only a few firms are affected.
c. there is a cost only if firms are forced to cancel flights.
d. there is a cost because firms and consumers must give up something in return.
A technology is invented that makes labor and capital perfect one to one substitutes in the production of Mint Chocolate Chip super High fat Ice-cream.
Suppose a perfectly competitive firm’s demand curve is below its average total cost curve. Explain the conditions under which a firm contuses to produce in the short run.
If income increases, then the. A decrease in the price of good Y will have what effect on the budget line on a normal X-Y graph? Suppose that consumers' preferences are well behaved in that properties 4-1-4-4 are satisfied. What are the advanta..
Identify the main categories for your outline. What main points will you cover? The introduction usually introduces all of yourmain points, should flow logically, and is effectively linked to the main topic.
During the purchasing decision, evaluation stage, the consumer forms preferences among the brands in the choice set.
You have estimated that all consumers who buy from your firm have identical demands for your product. Each customer's demand is given by Q = 20 - (P/2), and your total cost of production is TC = 45 + 20 Q. You want to devise a two-part pricing strate..
If aliens come and take a large percentage of our cows what happens in the market for synthetic leather baseball gloves? (Assume a normal competitive market)(Show the graph, label all relevant points, and explain what happens to price and quantity. E..
The kingdom of Arendelle has equal numbers of two types of workers, domestic servants and ice sellers, which both earn $1,000 per week. All workers face a risk of being laid off next year due to bad market conditions, in which case they will have an ..
borrow 1000 at t=0. Make exact interest only payments at the end of each year for 4 years and at the end of the 4th year repay the entire principal in addition to the last interest payment. borrow 10000 at t=0. Pay a principal payment each year of 25..
Why are assumptions made when utilizing a mode also thinking about economic activity. Textiles also apparel accounts for Illustrate what fraction of industrial employment in Pakistan.
You purchased an immediate annuity which pays you $3,000 each year from next year for 15 years. Assuming interest rate is 5%, how much is the equivalent present value of these payments? The future value of $1,000 saved for 20 years at 5% interest is:
How does global regulation influence U.S businesses operating internationally? What are the major obstacles to global regulation?
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