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In a small town, the market price for a day worth of yard work is $85. If Artie would be willing to do the work for as little as $75, Belinda would do it for as little as $78, Corazon would do so for as little as $81, and Darius would only do yard work for $88, what is the producer surplus for this group of workers on a given day when everyone who wants to work does so? Explain how the number was obtained.
Economic Growth Rate - In your response post, your comment is not to assess another student's work but to bring up additional points or thoughts related to their post.
Complying with more stringent environmental regulations increases the firm's fixed cost from 100 to 144. Would this affect the firm's output?
For the period 1980-2010, how did the rate of growth of per capita GDP in China compare to that in the US? How did the rate of growth of technological improvement (broadly conceived) in the two countries compare? Give some examples of changes that ca..
Mia is the only seller of baskets to the people in this village. They purchase baskets according to the blue demand curve. Let's examine the sales revenue (which equals price times quantity) Mia would receive if she were to set the price somewhere in..
Compared to perfectly competitive firms, oligopolies are:
Write a program to calculate the out-of-pocket cost of every college he is applying. After each college, ask the user whether to calculate cost for another college. Enter 'y' for yes. The following is an example:
Compare the income elasticities of the following consumer elastities of the following consumer products
Write a letter to a future student, indicating: Why you liked or disliked about macroeconomics, What you have learned. Your experience of working on the integrated final project. What could have been done differently?
How responsive do you think consumers will be to the price change when these fluctuations occur due to changes in supply? Why? Use the various determinants of elasticity to explain your answer. How does the price elasticity of demand for gasoline imp..
The first national bank received 3,000 inquiries following the latest advertisement decribing its 30-month IRA accounts in the Boston World, a local newspaper. The most recent as in similar advertising campaign in Massachusetts Business, a regional b..
Squeeze Inc. sells orange juice in a market where there are a large number of consumers and sellers. New firms can enter the market easily and also exit whenever they want to. It sells 40 bottles in a month at a price of $4 per bottle and incurs a..
q. suppose there are two consumers a and b. the utility functions of each consumer are given byuaxy xyubx y 2x ythe
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