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Using graph, illustrate the effect of an increase of the input price on the production and profit of a one input-one output firm with decreasing return-to-scale technology?
Why are exports included in the estimation of domestic product by the expenditure method? Can the gross domestic product be greater than the gross national product? Explain
1.the following table reports the consumer price index for the los angeles area on a monthly basis from january 1998 to
the only goods you buy are apples and oranges. both apples and oranges sell for 1 per piece and your income is 10 a
The output sold by a particular firm may be quite different from the output sold by the other firms in the market
in order to receive credit for this assignment you must use the marginal revenue-marginal cost analysis and you must
The U.S. imposes a quota of 45 million units per month on this good and what will be the price U.S. consumers will pay for the good now?
A change in the real money supply can result either from change in the nominal money supply through Federal Reserve policy ( holding the price level constant) or from a change in the price level( holding the nominal money supply constant).
What are the costs of making those "systematic mistakes"? Is it possible to act "irrationally," or is rationality defined by the individual's approach to decision making?
Estimate the length of the tube.
Use the key word ECONOMIC NEWS in an Internet search engine (Google, Bing, etc.) to locate an appropriate news story or article that illustrates the ideas presented in the reading.
i. perfect competitiona. fill in the table for the perfectly competitive firm. explain how you arrived at each numberb.
choose two real-world companies in different industries one that you feel faces elastic demand and one that you feel
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