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Question: Consumer surplus is used as a measure of a consumer's net benefit from purchasing a good or service. Explain why consumer surplus is a measure of net benefit.
a study on the effects of PCB
Politicians are often heard saying that tuition at state universities should be kept low to make education equally accessible to all residents of the state, regardless of income.
Apple conspired with five publishers to undercut Amazon's 90 percent share of the e-book market, which caused e-book prices to rise to $12.99 or $14.99.
What is a perfectly competitive market? What is marginal revenue? How is it related to total and average revenue? How does competitive firm determine the quantity that maximizes profit?
production of a particular product is characterized by external scale economies and the product is produced in two
A company disposes of equipment that it no longer uses in its business. The amount received by the company is more than the amount the asset is carried at in the accounting records. The company will report a(n)
Which of the following fiscal policy changes would have a larger overall negative impact on AD and RGDP? Explain your answer in a paragraph or two with credible logics and analysis.
what determinants affect supply and what affect demand. Once you have drawn in your change, write a short explanation for each question discussing what would be the new equilibrium price and quantity levels because of this change.
Making Generalizations To what extent do you think government should be involved in the free enterprise economy? Defend your answer.
Using a supply and demand diagram, demonstrate how a positive externality leads to market inefficiency. how might the government help to eliminate this inefficiency.
Suppose that you have been hired as an Economic Researcher by OPEC and given the following schedule showing the world demand and supply for oil:
Choose a current business article from October or November 2014 (any country) that illustrates market failure (lack of competition or negative externality). Make sure your chosen article is about a market not one company.
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