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An economy produces 2 goods soda a beer. Fully explain why the marginal cost function in the beer industry derives from the marginal benefits of the soda that is given up when beer is produced.
Van Doren Housing expects to have sales this year of $18 million under its current credit policy. The present terms are net 30; the days sales outstanding (DSO) is 48 days; and the bad debt loss percentage is 4 percent. What would be the incremental ..
Inflation may fall without a significant increase in unemployment if
Carefully explain how these two deficits are related economically so that changes in one are reflected in changes in the other.
q.briefly explicate what means by the market is a commons. in your brief essay create sure you cover each of following
Increasing the promotional budget for a product in order to increase awareness is not advisable in the short run under which of the following circumstances?
Why would the government bypass the free market in times of war? Is government rationing a better idea than rationing by price? Give reasons. How does government rationing affect the allocation of resources? Explain.
Explicate 2 important indicators the Federal Reserve System will use to analyze this particular economic situation.
elucidate what will be the effect on the world price of wool. How does the marginal revenue to Australia from an extra unit of wool relate to the price of wool.
Any goods from all should be of higher demand than supply; the other good should show higher supply than demand.
You are trying to sell your audio system (an amplifier and speakers) to raise money for an upcoming trip to overseas. The system works great, and audiophile friend tell you that if he were in the market for this kind of equipment (which he isn’t), he..
______The term used to refer to the raw materials, components, completed or partially completed products, and pieces of equipment a firm uses is
Suppose three firms compete in prices in an homogeneous good market. Their costs are the same, mc = 10 (marginal cost). Find the equilibrium prices of this game. (Are there many equilibria? If so, notice what all of them have in common).
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