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There are two goods in the economy, anchovies (a fish) and bananas ( FARM product). Draw the economy's production possibilities before and after a natural disaster that lowers the banana harvest but does not affect anchovies.
What is the cost of using this machinery for one year? How would your answer be different if the machinery had not yet been purchased?
Compare the consumer surplus, producer surplus, and total surplus in this condition to those same measures in a perfectly competitive market.
What is the relationship between bowed out shape of production possibilities frontier and increasing opportunity cost of the good as more of it is produced?
A firm has a long-run cost function, C(q) = 4q^2 + 4. In the long run, this firm will supply a positive amount of output, as long as the price is greater than what?
A firm has estimated the following demand function for its product:
Assume that the demand and supply functions for good X are as follows: What is the equilibrium price and equilibrium quantity?
Tanya operates a home business importing sweaters from Peru and sells them from her home. She collects $400,000 in revenue a year, and spends $200,000 on the sweaters and shipping costs, as well as $25,000 on advertising, accounting services and u..
What changes could you make to decrease your energy use? What changes could you make to increase your energy efficiency? ?What do you think would change if your heating oil or coal supply came from Russia?
Why does the economic transfer price to the consumer include implicit cost (normal profits, externalitiea, and other unrecorded cost) which you do not find in accounting cost? 2) What are short run and long-run periods of economic? Does the Law of ..
At higher prices, a larger quantity will generally be supplied than at lowerprices, all other things held constant. At lower prices, a smaller quantity willgenerally be supplied than at higher prices, all other things held constant.
During field calculation it is known that the calculated number pf trips is actually 128. What is the value of the adjustment factor?
Why is an M-form more likely than a U-form to be an efficient way of organizing a university and to organize the schools within it?
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