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Define the term shadow prices and outline the challenges encountered in the determination of shadow prices.
A monopolist faces demand P=400-4Qd and has constant marginal cost MC=80. If this monopolist engages in first-degree price discrimination, what would consumer surplus be?
you have 250 000 in and ira individual retirement account at the time you retire. you have the option of investing this
1. which of the following is not a topic studied in macroeconomics? gross domestic product the unemployment rate the
1. Explain why the real exchange rate never changes under the theory of purchasing power parity?2. What governs the behavior of nominal exchange rates under PPP?
In 1974, one could buy a theater ticket for $1.25. Today, the same theater ticket costs $6.50. Which pair of CPI's would imply that the cost in today's dollars was the same for both tickets? a. 60 in 1964 and 390 today. b. 75 in 1964 and 390 today. c..
1. what percentage of the gross national product is spent on healthcare in the u.s.? 2. identify the key drivers of
Suppose that an increase in jewellery demand induces a a surge for in the demand for gold. Using diagrams from part a show what happens in the short run to the gold market and to each existing gold mine.
Wednesday the price changed to 1.8275. Compute your profit-loss in USD on Tuesday and Wednesday.
Given a situation in a monopolistically competitive market, if my price is $10 for an item and at my present rate of output, my marginal cost is $8 per unit
You are an economic adviser to a candidate for national office. She asks you for a summary of the economic consequences of a balanced-budget rule for the federal government and for your recommendation on whether she should support such a rule. How do..
Find out the range of outputs over which the firm's technology exhibits Increasing, Decreasing or Constant Returns to Scale.
The 1935 federal law that supports collective bargaining and sets out the rights of employees to form unions?
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