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Which of the following is the most likely reason the city council in New York City consistently denies licenses to independent van drivers selling rides to the public?
A firm has fixed costs of $4,000. Its short-run production function is y = 4 , where x is the amount of variable factor it uses. The price of the variable factor is $4,000 per unit. Where y is the amount of output, the short-run total cost function is
Now suppose the factory develops an innovation that allows it to produce a shirt for the equivalent of 1 loaf of bread. What is the new radius of the factory's market area.
You are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost
Suppose production price is 20. The firm views that price as beyond its control.
Expalin why is the depreciation of capital good a cost of society
Does consumer surplus increase due to this price ceiling. Does social welfare increase as a result of the price ceiling.
What is the highest cost of migration that a worker is willing to incur and still make the move
What are the informing factors of global interdependence, including the economic factors, political dynamics and cultural differences.
Explain how it is possible for one of two people in a two-good economy to have an absolute advantage in producing both goods, but trade can still benefit both people.
Find out statistics on the web from 2004 to present on following indicators of the macroeconomic conditions of the U.S. economy.
If supply at every price is reduced by five gallons, what will the new equilibrium price be.
Russian farmers, again, have a poor crop. Their government has announced that they will not ban exports. Discuss the impact on domestic and world prices, consumers and producers the effects of the Russian government's decision.
To determine which of the output levels represents a macroeconomic equilibrium.
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