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Question: 1. Explain the significance of price, rationing, ration coupon, and rebate.
2. Describing What are the advantages of prices?
A manufacturing plant has a potential production capacity of 1000 units per month. the plant is normally operated at about 80% of capacity
To learn more about monopoly industries, log on to www.usdoj.gov and do a keyword search on "monopoly." List two current activities the Department of Justice is involved in against monopolies. Explain briefly why each action is being taken.
Find the equilibrium price and quantity traded and illustrate the equilibrium on a diagram (assuming there are no taxes or subsidies, and the notation is the same as that in question 2).
Mayor Grinch imposes a $1 tax on Zlurp. What is consumption per person now? Calculate consumer surplus, the external cost, goverment revenue, and total surplus per person.
Why might you expect to see flat royalty payments in home-based franchises but revenue-based royalties in franchises that operate from commercial buildings?
The table shows that a tire that had 30% reclaimed rubber had a hardness of 67.3. If another tire was manufactured with 30% reclaimed rubber, what would you predict its hardness to be?
Because sitting in the back of classrooms is correlated with getting lower grades in the class, students should always sit closer to the front of the classroom.
aggregate demand involves the purchasing actions taken by consumers businesses governments and the spending by u.s. and
Explain the concepts of reactivity and inertia as well as how each concept acts as a barrier to change in criminal justice organizations.
How does perfect competition lead to allocative and productive efficiency?
explain how rent seeking can lead to a drop in production of goods and services. What role might the underground economy play in lessening the drop in productive activities?
Analyze the effects of a change in money supply in an open economy under a flexible exchange value system. How are your conclusion affected by the adoption of a fixed exchange rate?
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