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True or False? Explain!
(a) Monopoly outcome is always inefficient, even if the monopolist cannot price discriminate.
(b) The budget line consists of all points that a consumer can afford by spending all her income and among which she is indifferent.
Explain the advantages and disadvantages of using a change in the tax rate to achieve the desired increase in output.
Analyze the dynamics of supply and demand to anticipate market equilibrium. Analyze the elasticity of demand and supply and its importance, and the effect of taxes or other public policies.
Suppose the market for autoworkers is in equilibrium when the automakers purchase capital goods to produce more fuel efficient automobiles and these capital goods are a substitute for workers. What happens in market for autoworkers?
Decide if the values of the goods produced are included in the 2006 GDP and explain your reasoning.
In the Keynesian, Classical, as well as Solow model, Elucidate the impact of an increase in production technology
In this respect, the long-run market supply curve differs from the short-run market supply curve, which, in a constant-cost industry, will equal the horizontal sum of individual firms' short-run supply curves. Why does the derivation of the long-r..
Suppose the firm raised the price to $4.00 while increasing its advertising expenditure by $100. Would this be beneficial? Explain. Illustrate your answer with the use of a demand schedule and a demand curve.
Price discrimination is the practice of charging different customers or groups of customers different prices for the same product. Why does price discrimination occur?
Elucidate three general economic principles along with being able to identify three to five macroeconomic indices e.g.GDP,CPI. I must also be able to make an evaluation and develop a forecast from the article.
Seven goblins are deciding how to split 100 galleons. The goblins are named Alguff, Bogrod, Eargit, Griphook, Knadug, Ragnuk, and Uric, and they've been rank-ordered in terms of magical power, with Alguff the weakest and Uric the strongest.
Explain the concept of economies of scale (or increasing returns to scale). What are some example products that exhibit or have exhibited increasing returns to scale?
Big interest rates are commonly expected to strengthen a nation's currency because they can encourage foreign investment in securities in that nation,
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