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10. Explain why an indifference curve is convex to the origin? A consumer consumes two goods X and Y. What will happen if MUx/Px is greater than MUy/Py? Explain the condition of equilibrium of a firm based on marginal cost and marginal revenue.
What is meant by change in supply and change in quantity supplied?
A $0.5 excise tax is levied o oranges, what would be the new equilibrium price and quantity if the demand and supply curves are Qd=1000-200*price, Qs=800*price.
consider a monopolistically competitive market with n firms. each firms business opportunities are described by the
suppose you are hired to manage a small manufacturing facility that produces widgets.a. you know from data collected on
bridget has a limited income and consumes only wine and cheese her current consumption choice is four bottles of wine
Research and development and the Level of Technology
A long-run supply curve is flatter than a short-run supply curve because firms can enter and exit a market more easily in the long run than in the short run is it true or false.
Advance technology Consultants, Inc. (ATC), contracted with RoadTrac, LLC, to provide software ad client software systems for the products of global positioning satellite (GPS) technology benign develedoped by Roadtrac. RoadTrac agreed to provide ATC..
In order to bring about a socially desirable quantity of landscaping service, what should the government do? Explain in words and show the effect of the government action in a graph.
By the 1950s, the views of the Classical economists among American economists: had been largely eclipsed by Keynesian views. had largely replaced Keynesian views. were about as widely held as Keynesian views.
whether or not the measure satisfies each of the five axioms we discussed (Anonymity, Scale Independence, Population Independence, Transfer Principle and Monotonicity). [ Note: a good way to do this might be to come up with small example populatio..
Select a United States company with global operations. Discuss the company's activities outside the United States and Discuss the impact of globalization
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