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Describe how the Monsanto Corporation is a monopolist. How has the government helped the company maintain its power as a monopoly?
What would this event cause the demand for the dollar to increase or decrease relative to the demand for the pound.
price is greater than marginal cost and average total cost is not at a minimum. How would it be possible to ‘eliminate' this waste. What would we have to give up.
Name at least one reason why an insurance company might set a deductible. Explain when can forcing everybody to buy full insurance at market rates help everybody?
Compare and contrast Francis Edgeworth’s contributions to John Bates Clark’s contributions. Who do you feel made more significant contributions to modern economic theory?
The 2001 recession ended in November 2001, but the perception of "bad economic times" lingered into 2002 and 2003. What evidence do these graphs provide concerning the lingering perception of a recession.
Explain how many hamburgers does Ron produce. Illustrate what price does Ron charge for a hamburger.
When politicians using polling data emphasize issues to polls have given more importance than necessary they have fallen
Illustrate what greens fees should the operator set on weekdays and how many rounds will be played.
Which policy monetary or fiscal would be more appropriate to improve the situation. Explain your choice clearly using figures.
The price of pizza can be expressed in terms of gallons of root beer. What is the highest price at which pizza can be traded that would make both roommates better off? What is the lowest price? Explain.
What happen if the marginal product of labor is 23, is the firm minimizing cost. What happen if the marginal product of labor is 21, is the firm minimizing cost.
Illustrate what was the impact on the supply and demand of labor on one sector of the labor market. Explain the factors that affected labor demand and labor supply in the chosen historical example.
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