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Describe the opportunity cost of getting your degree by analyzing what steps and economic factors a potential student should make when choosing to pursue an education. Given your answer, is getting a formal college education worth your opportunity costs? Why?
1. john earned 100000 last year and paid 10000 in income taxes. mark earned 50000 last year and paid 5000 in income
part a use the first order conditions for profit maximisation to show that a monopolist will never produce on the
ceteris paribus that is all other things equal or assuming no changes to performance in future years and no change in
Outline a micro-economic reform issue that is relevant to the Australian economy market and how successful do you think these reform measures were and say why referring to some data or research that has been performed.
First, what does GDP measure? Even if we prefect the measure by correcting for price increaase, what does GDP really tell us? Is GDP a measure of the nation's economic health?
Elasticity of demand for a good with respect to its own price, yet pay careful attention to the algebraic sign of the elasticity of demand for a good with respect to another good's price.
Now consider the problem of a retailer like Circuit City or Best Buy. Such retailers can sell as many copies of Vista they like at the prevailing market price of $200.
The marginal revenue curve of a monopoly crosses its marginal cost curve at $30 per unit, and an output of 2 million units. The price that consumers are willing and able to pay for this output is $40 per unit.
suppose a competitive firm produces spaghetti dinners. the market price of a spaghetti dinner is 20. the cost of making
do some research on great depression and the new deal. also look up keynesian economics. based on the research could
A monopolist faces the demand curve Q = 60-P/2. The cost function is C=Q2. Find the output that maximises this monopolist’s profits. What are the prices at profits and that output? Find the elasticity of demand at the profit maximising output.
labor is the important factor of production for all firms. the most recent unemployment rate is estimated at 7.7
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