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Two objectives discussed when considering uniformly mixed fund pollutants were the economic efficient level of pollution and cost-effectiveness. Graphically, show what is meant by these two objectives. Cost-effectiveness is considered the more appropriate objective for our current situation. Why?
(a) What is market concentration and how can you know whether a market is concentrated or not (b) What are the causes of market concentration (c) Are business mergers good or bad for the economy Explain why
Suppose that a decision-maker's preferences can be represented by the expected value of the Bernoulli pay off function u. Find a Bernoulli payoff function whose expected value represents the decision-maker's preferences and assigns a payoff of 1 to t..
Find out statistics on the web from 2004 to present on following indicators of the macroeconomic conditions of the U.S. economy.
Although firm expects the order to be of 6 units, determine the minimum average cost of the firm with these different order sizes.
Simply speaking increasing inventory turnover is an important goal for retail manager. Illustrate what are the consequences of turnover that's too slow.
The table below shows the payoff matrix for a game between Toyota and Honda, each of which is contemplating building a factory in a new market. What is the cooperative outcome in this game? Is it likely to be achievable? Explain. What is Honda’s best..
Suppose a country has a national debt of $5,000.0 billion, a GDP of $10,000.0 billion, and a budget deficit of $100 billion. How much will its new national debt be? Compute its debt-GDP ratio. Compute its new level of national debt and its new debt-G..
List at least four examples of why governments choose to restrict trade with another country. Which of these examples do you feel is the most justifiable?
Explain why this phenomenon may be a good thing, using the laws of supply and demand to explain your answer.
Defenders of communist economic systems may point out that consumers pay lower prices for certain goods because the government imposes a limit. Cite at least two other ways which consumers may be paying for these goods
Sources of inputs into the microeconomics in context model include:
If the time-frame at hand is sufficient for all inputs to be variable (adjustable), then the firm is
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