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Q1. Explain why wage rates might rise at Joe's Quik Print Shop. If Joe replaces his aging copy machines with state of the art copy machines
Q2. A decline in sales could be caused by either a change in supply or a change in demand. Explain how might 1 distinguish among the two?
Q3. Explain how is the cross elasticity theory used to empirically define economic markets?
Q4. Some people claim that the economic way of thinking does not apply to issues such as health care. Explain how economics does apply to this issue by developing a model of an individual's choices.
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.
How much does consumption change this year in absolute dollars ($ ΔC) as a result of a $5,000 annual tax cut to your income, if the tax cut.
The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever.
The no-trade equilibrium in Foreign. How do the relative no trade prices of computers compare in Home and Foreign.
Suppose the point of tangency that characterizes long-run equilibrium for a monopolistically competitive firm occurs at Q1 units of output.
Determined by the ability to find, attract, keep, develop, and tap into the most talented workforce that can be assembled.
Solve for equilibrium real output and also solve for the equilibrium interest rate.
Suppose that there is a unit mass of consumers who are uniformly distributed on the segment[0,1]. Two firms are located on the line and sell identical products.
In your opinion, are the resources you devote to your education a form of consumption or a form of investment.
What is the short-run equilibrium price. What is the short-run equilibrium market quantity.
Using short-run cost theory, explain the impact of this additional patient on the SAVC and SATC. Do they increase or decrease.
the industry that this claim were untrue, what critical questions could you ask about the HHI used for the study
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