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How would you go about estimating the different probabilities of three alternatives occurring if you have little empirical data on which to base your estimates?
What do we name the difference between the cost of bringing a product to market (how much it costs to create the product) and the price at which it is sold in a store.
During the Great Depression, federal government swung into action to help farmers. In 1933, it established a system of price support for several agricultural products.
Utilizing an AD-AS diagram suppose that the economy is initially at potential output
Assuming that Reverse Osmosis Systems and traditional Water Purifiers are substitutes, what happens if the price of a Reverse Osmomis Systems subscription increases?
q1- treasury bills have a fixed face calue say 1000 and pay interest by selling at discount. for example if a one-year
In creating your response, consider the following questions: What type of business decision would you make? How would you determine the marginal benefit and marginal cost of the decision?
what functions are served by bitcoins, what are the drawbacks and risks of bitcoins compared to the US dollar, and are bitcoins useful for any economy especially the US economy.
Assume the demand and supply for milk are described through the following equations: QD = 600 - 100P; QS = -150 + 150P, where P is price in dollars,
The government decided to tax a monopolist at a constant rate of $x per unit. Show the inpact upon output and price. Is the posttax equilibrium closer to or further from the ideal equilibrium of P= MC?
What are your predictions? For each part, sketch a graph showing the appropriate demand and supply analysis.
It turns out that the city of Tucson cannot enforce the minimum wage very well and they cannot tell employers whom to hire. An underground market for jobs develops. The city has limited resources for enforcement, so that they can only catch employ..
In economics, we usually assume that the manager's goal is to: Answer Maximize the firm's sales. Minimize the firm's costs. Maximize the firm's profit. Maximize the firm's stock price.
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