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If an excise tax is imposed on a commodity in order to raise revenue for the government or to reduce the consumption of the good, then what is the relevance of the price elasticity of demand in determining which of the goals is likely to be most fully met?
How many units of labor should the firm use in order to produce 400 units of output at the least cost and the minimum cost of producing 800 units of output is what?
Give a numerical example to show that a monopolist's marinal revenue can be upward-slping over prt of its range
Optimal pricing strategy varies significantly across different market structures. The pricing guidelines in a monopoly market are relatively straightforward. Since the company is the only producer offering the product, it can mark-up the price as ..
Assume that the government decreases spending by one hundred billion dollar. What happens to aggregate demand and discuss the differences between fixed and variable taxes.
The demand for new homes in the United States is often described as highly cyclical and very sensitive to housing prices and interest rates.
what effects might a decision by these countries to diversify their interrational reserve holdings have on the dollar and what problems might it create for U.S monetary policy?
Explain why a government might want to regulate a monopolist and How can governments negate the adverse side-effects of gold-plating and cost padding?
A firm has estimated the following demand function for its product:
Economic opportunities happen from nations which develop industries in which they have a comparative advantage and describe the concept of comparative advantage.
A new taco making equipment that is same in size and expense to hog dog carts has encouraged more street vendors to begin selling tacos.
What level of output should this firm produce in order to maximize profit or minimize losses - and how many firms in total will there be in this market?
Derive the profit frontier, and explain why total profits fall as the firms redistribute profit between themselves by redistributing output.
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