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Identify an instance where a price control is used in our markets. Why do you think this price control exists? Also discuss the possible negative effects it may have on the market
Show that maximizing prot implies cost minimization.
Derive the FOC and SOC conditions of profit maximization for this firm. Show that SOC is satisfied (impose necessary conditions). Which plant will have a greater increase in output? Please explain why.
Revenue at a major cellular telephone manufacturer was $2.3 billion for the nine months ending March 2, up 85 percent over revenues for the same period last year. Management attributed the increase in revenues to a 108 percent increase in shipments, ..
Explain how built in (or automatic) stabilizers work. What are the differences between proportional, progressive, and regressive tax systems as they relate to an economy's built in stability?
A state government is considering construction of a flood control dike having a life span of 15 years. History indicates that a flood occurs every five years, on average, and causes $600,000 in damages on each occasion. If the state utilizes a MARR o..
bramble ltd makes 2 different types of boots premier and champion each using the same leather and the same skilled
1. what factors can contribute to unemployment?2. how can technology lead to greater unemployment or is it a benefit to
Greg and Tanya Ridpath have two children, ages 6 years and 5 months. Their younger child, Ray, was born with a congenital heart defect that will require several major surgeries in the next few years to fully correct. Greg is employed as a salesperson..
Suppose that the production function for a commodity is given by Q = 10 ?LK Where Q is the quantity of output, L, is the quantity of lavor, and K is the quantity of capital.
What do economists mean when they say that monetary policy can echibit cyclical asymmetry How does the idea of a liquidity trap relate to cyclical asymmetry Why is this possibility of a liquidity trap significant to policymakers
globalization was welcomed around the world at the beginning of the 1990s. different trade theories were used to
Today, the Federal Reserve announced that it is reducing the discount rate by 0.5%. How would you expect this announcement to affect the value of your bond?
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