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Why are people very interested in the economics of cancer care? how does its cost affect the economic aspects of the society (forecast using macroeconomic tools for analysis like opportunity cost, inflation rate, GDP..)
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Determine the minimum average cost of the firm with these different order sizes.
You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1’s elasticity of demand is -4, while group 2’s is -3. Your marginal cost of producing the product is $20. Determine your optim..
Discuss how you would explain what this class was about to a friend of yours pondering taking the same class.
Lay out the arguments forand against trade treaties like NAFTA, and/or for the process of"globalization" of the U.S. economy. What do you think? What is your position, positive or negative, and why do you think so? Paterson, which now has lost most o..
Explain why the demand for the good or service provided by the organization you work for is elastic or inelastic. How does this influence pricing decisions?
What will be the final level of production for the market (after a Cournot equilibrium is reached)? How much is produced by each firm?
If an economy experiences increasing prospect costs with respect to two goods, then the production-possibilities curve between the two goods will be.
Cold beer is sold by roving vendors at Safeco Field, home of the Seattle Mariners. The only competition to this service is beer that can be bought at the kiosks around the stadium. Determine the demand curve for beer sold by the vendors, with Q expre..
Some observes claim that laxity of the rules governing the creation, sale and purchase of some types of securities bear much of the guilt for the Great Recession of the early twenty-first century. Can you suggest some specific types of activity that ..
What is your assessment of business's response to product and service quality and safety? Have they done enough? What is missing from their approaches?
Suppose the demand for gasoline is QD = 75 – 25PD and supply is QS = 30 + 20PS, where prices are expressed in dollars per gallon. How does a $0.40 per gallon tax affect the equilibrium price and quantity of gasoline (show both the pre-tax and post- t..
what is lowest price that will induce firms to supply output. Suppose PI = $40, F = 50 and demand function is Qd = 700! 6P, n if government sets a price of $50 what will be result.
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