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Would it be fair if colleges allocated seats in courses on the basis of price? In other words, let students bid for available seats in classes, rather than using a first-come, first-served system based on some sort of administrative procedure. Explain your reasoning.
Bavarian Crystal Works designs and produces lead crystal wine decanters for export to international markets. The production manager of Bavarian Crystal Works estimates total and marginal production costs to be TC = 10,000 + 40Q + 0.0025Q2 and MC = 40..
Determine the percentage change in price required to increase the quantity demanded of public transportation by 12%.
Find firm's profit-maximizing price and quantity. Illustrate what is profit. firm's production manager claims that firm's average cost of production is minimized at an output of 40 units.
For every firm in group B , long-run ATC curve is U-shaped and intersects the long-run MC curve when ATC = 10 and output is 6.
Rising oil prices cause airlines to adjust flight schedules. Show the effect on airline prices and quantity demanded. Show the shift of supply and/or demand curves and explain why the curve(s) shifted.
Federal Reserve System: What are the main powers and responsibilities of the Federal Reserve System? What are its two mandates and some of its other goals?
Which of the following determinants of marginal productivity cannot be acquired by someone who wants to increase future productivity? The effects of the national health care program on labor markets will. One reason some economists are critical of th..
Consider the distributional effects of agricultural productivity due to global warming. Discuss some of the ramifications this outcome would have on regional economies, national economies, and world trade.
The U.S. government pays an economist at the U.S. Department of Commerce $50,000 in salary in 2006. The economist then retires. In 2007, the government pays him $30,000 in retirement benefits. The 2006 payment is included in 2006 GDP as government pu..
q1. the demand for tobacco is price inelastic. assume there is a drought that destroys a large portion of the tobacco
q.due to the global economic slowdown we were benefiting from relatively low oil prices. but because of the instability
Assume a two-country world containing country A (whose currency is the dollar) and country B (whose currency is the peso). In this context, and using relevant graphs, explain how a depreciation of the dollar against the peso (for example, a 10% depre..
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