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Explain the relationship between scarcity, choice and opportunity cost.
A well-structured answer will include:
• The definitions of scarcity and opportunity cost.
• An explanation of how the need to make choices connects scarcity to opportunity cost.
Compute the industry o/p also marketplace share at the present price of $2,200, assuming the prices are stable also un such as to change.
Cigarettes are also heavily taxed. Illustrate what effect does this tax have on cigarette consumption
If the market is made up of 100 individuals with demand curves identical to Mr. Smith's, Illustrate what will be the point also arc elasticity for the conditions specified in parts a also b
Illustrate what is the basic objective of monetary policy. What are the major strengths of monetary policy.
A firm has enough retained earnings to finance an investment project. For this firm, the market interest rate:
Choose on which market structure that these businesses fit - monopolistic competition, perfect competition, and oligopoly also monopoly.
Include both advantages and disadvantages in you argument. What are the economic effects of a depreciation of the US dollar on US trade balances?
During a war the government puts pressure on producers for heavy equipment, supplies, and services, making each more important.
How much profit does an unregulated monopolist earn. How much profit would be earned if MC pricing were imposed
An ice cream company has hired two sales persons to run two ice cream stores on a beach. These two employees will receive a fixed salary regardless of the number of ice creams that they sell and they have to charge the same price set by the company. ..
He finds which he is overworked also which several of his research scientists seems to be spending work hours playing tennis.
Your friend makes half of your salary and pays 20% in income taxes. Elucidate rate most likely would be your income tax rate.
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