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How do you find consumer surplus, producer surplus, and total surplus from these two equations? Supply: Qs=4p-80, demand: Qd=100-2p
Discuss how production based on comparative advantage can increase domestic employment in India.
What effect do increased regulations have upon a country's PPF and where the economy produces on the PPF? Do regulations cause the PPF to shift?
In a market economy-supply determines demand and demand, in turn, determines prices. demand determines supply and supply, in turn, determines prices.
How does this relate to idea that diminishing marginal utility must be understood in context? Many people buy too much on their credit cards, even though they knows they will be sorry when y get their bill. Relate this fact to idea of time inconsi..
Maria can read 20 pages of economics in a hour. She can also read 50 pages of sociology in an hour. She spends 5 hours per day studying. Draw Maria's production possibilities frontier for reading economics and sociology.
Define the marginal revenue product (MRPL ) and the marginal cost (MCL ) of labor. Explain why the condition MRPL = MCL is necessary for profit maximization.
What are the distinctions between net ordinary income and separately stated income and deductions? What is the rationale for separately stating those items as individual K and the K-1?
Ann owns a lawn mowing company. She has 240 lawns she needs to cut each week. Her weekly revenue from these 240 lawns is $8,400. If given an 18-inch deck push mower, a laborer can cut each lawn in two hours. If given a 60-inch deck riding mower, a la..
Most macroeconomists believe it is a good thing to taxes act as automatic stabilizers also lower the size of the multiplier.
Find the consumer's price index (CPI) for the last 50 years. Find the equivalent buying power in 2014 for an amount of $4000 in 1997?
The slope of the short-run aggregate supply curve can be explained by:
Lionfish is an aquatic invasive species in the southeastern U.S. and the Caribbean. Current removal policies focus on harvesting the lion fish for human consumption. However, a fishing license is required to fish in most southern states
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