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Using the following information for individuals and their willingness to pay for a bottle of ginger ale, calculate the total consumer surplus at a market price of $5.
Maximum amount a buyer would pay for ginger ale
Scott
$10
Dennis
$4
Greg
$8
Dave
$7
Mike
$5
Suppose you purchased 5 apples and 3 oranges last week. Apples cost $0.75 per apple, and oranges were $1.00 per orange. How much did you spend on fruit?
The Microsoft antitrust trial (United States vs. Microsoft) has been one of the biggest investigations of antitrust behavior since the turn of the century. You are supporting the Government, research and present a cohesive argument to the other si..
Compute the marginal product of labor when 9 units of labor are utilized. Assume the firm can hire labor at a wage of $10/hr and output can be sold at a price of $100 per unit. Determine the profit maximizing levels of labor and output.
As energy costs continue to rise, power efficiency is increasingly important. Acme Chemical is evaluating two different electric motors to drive a mixing motor and needs to perform a present economy study. The motor will produce 75 hp and will be ope..
Through what channels does monetary policy affect the economy? That is, what are the monetary policy transmission mechanisms? List first them, then clearly describe two of these channels.
How would these short- run policies have affected the prices consumers pay in these countries if the policies had been enacted?
Which are the different coordination games you know? Create a matrix for each of these games and explain the game's main characteristics - What is the Tit-for-tat strategy?
Discuss the functions and measures of money - Define banks and explain how they create money and Explain why the financial sector is so important to macroeconomic debates.
Estimate the number of cups served per week and determine outlet demand curve. What would be the effect of a $5000 increase in the competitors' advertisement expenditure and outlet demand curve
The companies in the detergent market closely fit the mold of the monopolistic competitive firm. Research the company in this market and describe how it fits some of the characteristics of the monopolistic competitive firm.
Assume that the U.S. is relatively K (capital) abundant and L (labor) scarce relative to Mexico. In terms of the Rybczynski theorem, what would have to happen between the U.S. and Mexico in order to reduce the U.S.'s comparative advantage and global ..
Which of your current costs are implicit, and which are explicit and suppose The Breakfast Club, Inc. offers to pay $800/month to use the building
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