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Explain five factors that justify the existence of small scale firms in an economy.
If the apple grower wants to see 6,000 bees kept, what is the value of the externality? What would have to happen for the socially optimal amount of bees to be kept?
Design an algorithm to prepare a job applicant report. Input consists of a series of records that contain the social security number or equivalent, last name, first name, middle initial, verbal test score, science test score, math test score score..
When a perfectly competitive firm is in long-run equilibrium, what is the relationship between the firm's marginal cost, average total cost, marginal revenue, and price?
How can you solve a system of linear inequalities graphically? How many points are in the solution set? Explain your answer.
Provide an economic explanation - How many of Camrys would count as a part of U.S. GDP - The government imposed capital controls that prohibit foreign borrowing and lending by domestic residents when the current account was in surplus.
part a1.describe three 3 ways we can use macroeconomic analysis with one 1 original example for each way.2.you are
Calculate the marginal revenue product for each add. unit of labor of output sell $3
Draw a graph with y on the horizontal axis and Delta L on the vertical axis, showing the relationshipbetween income per capita and population growth in Twilightia. Derive the relationship between population (L) and income per capita (y). (Hint: reme..
Suppose the government has selected tax levels th and tp using the Ramsey rule. Furthermore, at those taxes, the market sells 300 thousand heart surgeries and 1.5 million plastic surgeries. Finally, the government collects $1 billion in revenue fr..
(a) reduce shirking by employees and (b) reduce employee turnover What is the implication of the efficiency wage theory for unemployment In what way are piece rates, commissions, royalties, profit sharing, and stock options substitutes for efficie..
What to produce and quantity - how to produce by whom to produce and for whom it will be produced are the questions in the economy?
What would the government surplus/deficit be, what would the trade balance be and what changes would occur if G were increased to $941?
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