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Between October 1st and October 16th, 2013; the United States experienced partial Government Shutdown. In your view, what were the economic reasons that led to this shutdown? Is it likely for US to experience another shutdown in future?
The table given below shows the price of each unit of the product manufactured by a firm and the marginal cost of producing different units of the output. Table: 10.1 Output Price Marginal Cost 0 $1 $0 1 $1 $1.00 2 $1 $.80 3 $1 $.70 4 $1 $.50 5 $1 $...
Under what circumstance would you be no worse off if the company paid you cash instead of providing a car.
Elucidate how much will the government spend in total. Elucidate how much does producer surplus increase.
A manufacturer can sell 400 watches for $11 each and 800 watches for $6 each. Find a demand and price equation assuming the relationship is linear. p Dq = = ( ). Find the quantity demanded at $10 per watch.
A firm in a competitive industry has a short run cost function= y^3-10y^2+30y. If demand= 80-P. How many firm a will exist in equilibrium?
American-based businesses become more global every day. With changes in national and international demographics, we are seeing many American businesses participate in the global workforce.
A perfectly competitive firm sells 50,000 units of knives at a price of $3. The firm's average cost at 50,000 units is $2.75. Calculate the firm's profit. Please verify answer twice before sending back to me the steps. I want to make sure I have the ..
Which of the following best describes the influence of labor unions on workers? Which of the following is NOT the primary method that unions use to raise wages? The term “accidents of history” describes. QWERTY is used today because it is
Describe the Heckscher-Ohlin model (also known as the factor endowment). How does it predict countries will emphasize their comparative advantage?
The owner/manager of an athletic shoe store has revenue of $260,000 per year and labor, interest, inventory, and miscellaneous expenses of $200,000. The owner also owns the building the store is located in. It would rent out for $5,000 annually. What..
Give two personal examples where you made a decision based on sunk costs. What would an economist have done in those situations? Explain. Explain the ideas of faulty framing and cognitive dissonance in your own words.
The company you work for asks you to recommend whether their Mercedes truck should be replaced now or kept in service for an additional 10 years.
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