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What effect on market labor in tablet company manufacturing industry if Congress bought more tablets for US college students, more college students major in engineering and computer science, and computer firms build more manufacturing firms?
q1. ibm should never sell its product for less than it expenses to produce. if costs to produce is interpreted to mean
You just opened a flower shop and are trying to understand pricing issues. You were told that elasticities are very important in determining prices and what products to supply, so you decide to investigate this concept.
What is the reverse paradox of thrift? Explain in your own words.
Suppose the monopolist faces the following demand curve: P = 100 3Q. Marginal cost of production is constant and equal to $10, and there are no fixed costs. What is the monopolist’s profit maximizing level of output? What price will the profit maximi..
Suppose you are given the following Total Product Function: Q=100 K^3/2 L^4/2 M^4/7, where Q is total output or units produces; K, capital; L, labor; and M, materials. That is this is an input factor production function. Find and interpret the output..
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 60 - 0.25P, and the marginal cost of production is $80. Determine the optimal number of units to put in ..
Select an industry or firm and state what is the market structure (pure competition, or monopoly, or monopolistic, or oligopoly).Define the characteristics of the industry or firm to support your selection of a market structure.
Illustrate what is the equilibrium quantity of bananas and tomatoes consumed by Marilyn and Chen.
Briefly elucidate why magnification effect plays an important role in predicting where various groups in economy will support or oppose international trade.
The efficient market hypothesis suggests that allocating your funds in the financial markets on the advice of a financial analyst
Elucidate how the strength of the economy as a whole could affect the marginal benefits also the marginal costs associated with a decision to purchase a home.
What economic concept illustrates the fact that at an all-you-can-eat restaurant, one rarely literally eats all the food he/she is physically capable of consuming? Explain.
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