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What is the rationale for government to regulate the activities to businesses? How is our economic and social existence shaped by government regulations?
A monopolist face a market demand curve given by QD = 22 - p. What is the value of the marginal revenue of the 4th unit produced?
Analyze the reasons for and against the merger and assess the actual performance of the consolidated company against the pre-merger expectations.
Discuss possible hold-up problems, importance of long term contracts, and possibility of underinvestment in labor that might occur under such compensation schemes.
Should one distinguish between economist’s descriptive statements, propositions, and predictions about the world, and their statements about what policies should be adopted?
q1. do you think the newspaper company trusts you not to get more than one paper? no they understand the law of
Assume a local producer of beef cattle wishes to remain at the same level of output when the input cost of corn increases but the substitute input milo does not increase, what will the producer do to remain at the same level of output?
One person using one computer can produce 11,000 typed pages per year, and the price per page for your service is $2. Calculate the following three options. You have opened your own word processing service.
One organization must have high fixed costs also low variable cost also the other must have low fixed costs also high variable costs.
I am also going to invest $ 100000 of my saings which were earning an average annual rate of 6 % what is my opportunity cost of opening a restaurant?
In terms of influencing output, when the economy is operating at near full employment output relative to when the economy is operating at levels of output well below full employment. During the the Great Recession, the aggregate expenditure curve shi..
The makers of Tylenol pain reliever do a lot of advertising and have loyal customers. In contrast, the makers of generic acetaminophen do no advertising, and their customers shop only for the lowest price. Assume that the marginal costs of Tylenol
The environmental protection agency of a county would like to preserve a piece of land as a wilderness area. The current owner has offered to lease the land to the county for 20 years in return for a lump-sum payment of $1.1 million, which would be p..
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