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What is the type of market with many buyers and sellers, each having an equal effect on price?
Consider the market for electricity. Suppose demand (in megawatt hours) is given by Q=50-p and that the marginal private cost of generating electricity is $10 per megawatt hour (p is the same units). Suppose further that smoke is generated in the ..
Define the US Bureau of Labor Statistics official unemployment rate and briefly explain major shortcomings of the official unemployment rate.
Suppose that there are two types of players, good and medium. the team demand curve for top-quality players is Q = 27 - 5 w , and the market supply of top players is Q = 4w, where w is the wage in millions of dollars. how many top-quality players wil..
economists sometimes use concentration ratios to evaluate whether industries are oligopolies. In this application, you will make your own determination using the most recent data available. You will also discuss the merits and disadvantages of oligop..
What determine the quantity of corn we grow, homes we build, and health care survives we produce. Sixty years ago farm output was 5% of the total US production now it is 1 percent.
Explain the three criteria that are used to determine whether a particular variable is a worthy candidate to be selected as an intermediate target variable of monetary policy.
After reading the newspaper Homer Simpson embarks on thefollowing get-rich-quick scheme: he borrows money from aSpringfield bank at 8% and deposits it in a Shelbyville bank at12%, expecting to make a 4% profit.
Suppose that the government decreases spending by $100 billion.What happens to aggregate demand? What is the likely effect onprices and output?
Book value at the end of the forth year is £1,101,600, prepare a depreciation schedule for fifth and sixth year that shows, for each year, the yearly depreciation, the accumulated depreciation and the book value at the end of the year?
Explain the changes that took place to the NFL during the years in which Pete Rozell was Commissioner. Further explain why those changes caused the NFL to become the most successful sports league in North America.
Ying threatens not to work on the project. For Ying's threat to be credible, what is the smallest number of hours that Xavier must contribute to the project? How much time does Xavier contribute? Does Ying work on the project?
Statsia has only 20 hours per week that she can devote to trainingfor her race." which basic principle of individual choice does this sentence bestillustrate?
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