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Two firms share a building. Guards patrolling the building protect both the stores. The jewelrystore's demand curve for guards is strictly greater at all prices than that of the hat store. Themarginal cost of a guard is $10 per hour.
Use a diagram to show the equilibrium and comparethat to the socially optimal equilibrium.
Now suppose that the owner of the building willprovide a $s per hour subsidy per guard.
Show in your graph the s that leads to the sociallyoptimal outcome for the two stores.
Consider the following graph of a monopolistically competitive firm selling DVDs. A. How many DVDs should be sold to rent per day to maximize profit. B. What is the economic profit for this firm operating where economic profit is maximized.
Develop a list of resources you might use to gather historical economic data as well as economic forecast data. (1-2 resources, EXCLUDING the Bureau of Economic Analysis)
You are considering purchasing new equipment to replace old equipment. The old equipment has a current market value of $2000. The new equipment will cost $5000. The use of the new equipment is expected to produce energy savings of $500 per year.
What are your future plans? Do you think learning economics will play an important role in achieving your goals in the near future? Briefly discuss.
What happens in the market after the taxes are imposed? Make sure to discuss its impact on consumer surplus, producer surplus and total surplus
Assuming population growth (n) and technological change (g), find the steady-state capital stock per worker as a function of the savings and depreciation rate.
Country A and country B produce the same consumption goods and capital goods and currently have identical production possibilities curves. They also have the same resources at present, and they have access to the same technology. Currently, countr..
Medco Construction Company builds medical buildings in lower income, urban areas. It is typically assumed that the construction time in days follows a normal distribution. The mean time for construction of a medical building is 100 days, and the vari..
What are three situations that might prompt early termination and why? What are the minimum activities (at least three) that need to be performed to properly terminate a project early?
What is the difference between supply and demand as presented in the readings? Discuss a real-time example that you found doing outside research.
Under pair-wise majority voting, which outcome wins? These preferences suffer from the Condorcet paradox, so there is no clear winner.
Given the estimated marginal cost function, what is the average variable cost function for EverKleen?
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