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The price elasticity of demand for Pete's chocolate chip cookies is 1.5. Pete wants to increase his total revenue. Would you recommend that Pete raise his price or lower his price of cookies? Explain your answer.
Compute total revenue, total cost also profit at each quantity. Illustrate what quantity would a profit-maximizing publisher choose. Illustrate what price would it charge.
Calculate total economic surplus under monopoly also competition. The difference is the social cost of monopoly
According to comparative advantage, in which industries would you recommend the country to specialize. Has the country specialized in your suggested industries.
Assume to the firms act independently as in the Cournot model. Determine the long run equilibrium output also selling price for each firm.
The steel industry has been lobbying for high taxes on imported steel. Russia, Brazil also Japan have been producing also selling steel on world markets
what hypothesis we can use to show whether the change in female literacy rate in both the models is significant or not.
Draw and show the change in the PPF when an outbreak of avian flu sickens millions of agricultural and industrial workers.
The commercial banking industry in Canada is less competitive than the commercial banking industry in the united states
What can be accomplished about the impact of transportation costs on the price of the traded product in each trading nation.
If an economy experiences increasing prospect costs with respect to two goods, then the production-possibilities curve between the two goods will be.
Compute the coefficient of variation for each project and Classify the preferred project according to this criterion.
When she hired a fourth worker, her total product increased but by only 1,000 bullfrogs. Yolanda pays $1,000 a week for equipment and $500 a week.
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