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Suppose that Joe enjoys and repeatedly does stupid things like getting heavily into debt and insulting police officers. Do these actions constitute systematic errors? If he gets what he wants each time, are his stupid actions even considered to be errors by economists? Explain.
Explain the relationship between AP and MP. Be sure to use graphs to help support your answer. Calculate the MP and the AP for each worker
you were appointed to manage the production facility of your new factory in saint john. a think tank estimated the
How much will each firm produce in the equilibrium and find in the long run, consumer surplus
consider the trade problems of developing nations and make at least one recommendation for mitigating one of them.
consider two firms facing the market demand curve p 100 - q where p is in unit q is total output q q1 q2 q1 is the
Calculate the Herfindahl-Hirschman index (HHI) for each of the following industries. Which industry is the most concentrated? a. An industry with five firms that have the following market shares: 50 percent, 30 percent, 10 percent, 5 percent, and 5 p..
The demand for labor is said to be a "derived" demand. What is the meaning of a derived demand? How does this concept help to determine the demand for labor?
microeconomic problem1. suppose a business finds that output varies according to the following schedule as it adds more
The annual income from an apartment complex is $21,809. The annual expense is estimated to be $2,607. The apartment complex could be sold for $122,149 at the end of 10 years. If your MARR is 10%, how much should you pay for the apartment complex if y..
What is an optimum currency area. What are the potential gains and the potential losses when countries adopt a common currency In terms of a country reacting to economic shocks, what conditions would be desirable in labor markets.
"When the British government tripled university fees for foreign students in Great Britain, about one-half of them left to study in other countries."
Suppose that federal law requires that the price be the same in both locations. What price will Kayla charge now? How many gallons will be purchased? And what happens to her profit?
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