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Some people claim that U.S. state capitals (Sacrament, CA; Salem OR; Olympia, WA) are boring in the sense that they have a smaller variety of goods and services than other cities of equal size. Check a map and then provide a brief explanation why these cities could be boring.
green engineering has proven to be an obstacle to many industries. the reason is their misunderstanding of the
First, discuss the decision by doctors to enter seperate markets for various specialities rather than starting a family practice. Second, discuss the monoploy that the American Medical Association holds on the production of doctors in the US and i..
How would a decrease in the reserve requirement effect the (a) size of the money multiplier (b) amount of excess reserves in the banking system and (c) extent to which the system could expand the money supply through the creations of checkable dep..
While the prospect of adding an additional $1,200 to World of Videos's bottom line was enticing, the owner was also contemplating using the additional space to rent video games. What is the opportunity cost of using the unused portion of the b..
The total cost of a firm is given as C(Q) = 0.2Q3 - 0.5Q2 + 300Q +100 the current level of production is 10 units. If the firm plans to increase its level of production to 10.1 units estimate the change in the total cost of production
A monopolist is about to open a new amusement park. A typical visitor is expected to take Q = 8- P rides, where P is the price of a ride. The marginal cost of a ride is two (MC = AC = 2). Derive the typical visitors inverse demand function, where P ..
what are the impacts of innovation and technology on the cost of production? how does technology affect market
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope.
In considering the net effect of expansionary fiscal policy on the trade deficit, the. Income effect offsets the price effect. Price effect offset the income effect
Many economists would argue that private companies are likely to be more efficient than the government at operating airlines. Yet many economists would also argue that there is a valid reason for government to regulate the safety of those same air..
you are the oil minister of one of 5 key opec countries. the world demand for oil can be reduced to q 100 - p and
Describe, using diagrams where appropriate, the market for rental accommodation before and after the introduction of rent controls.
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