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The fact that a consumer is not required to buy the goods that a given firm produces, as well as the fact that the consumer might want the goods a firm produces, but may choose to buy from other firms instead.
a) are two stark realities any business firm must recognize.
b) will reduce the revenue a firm receives and it should shut down.
c) is part of the process to a sustained pattern of profits.
d) means the firm has reached it shutdown point and should exit.
Prove that every weighted average of three numbers x1
Are monopolists guaranteed of making economic profits? Explain the long run equilibrium situation for a monopolistically competitive industry. Give two examples of industries that fit under this category.
Provide the owner a detailed plan of what you intend to do to make his FBO profitable again. For instance, what specific areas are you going to look at to determine your plan to turn the business around?
The term________ refers to a market exchange that affects a third party who is outside or external to the exchange. Which of the following is used to describe the full spectrum of animal and plant genetic material? Property rights are the legal right..
Assume that Country A has a population of 500,000 and only produces 1 good: cars. Country A produces 100,000 cars per year. The people in Country A purchase 90,000 cars, but there are not enough cars to fulfil all the demand. What is the composition ..
Research where you would find the U.S. international trade policies and their history as they apply to various industries.
q1. 1. given that in 1995 real gdp was 6742.1 and nominal gdp was 7265.4 what is the value of the gdp deflator?2. for
It has been estimated that private prisons are about 10 percent cheaper, on a every prisoner basis, than public prisons.
The federal government provides a number of subsidies to the oil and gas industries. In defence of the subsidies, a spokesman for the industry observed “some alleged subsidies don’t even go to the industry.”
Write out the payoff matrix for this game, and then find its Nash equilibrium.
What probability of discovery would make the driller indifferent between drilling and not drilling and what is the expected value of perfect information on reserves?
What are the ethical issues in this case? Who are the stakeholders and what are their stakes? When dealing with VOIP, how do you decide between freedom and protection when enhancing one diminishes the other? On what basis are you making your decision..
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