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If the accounting profit for a firm is negative, the:
a) economic profit must be positive.
b) economic profit must be negative.
c) firm should produce more.
What were the 2 principal successful policies adopted by Franklin Roosevelt that brought an end to the Great Depression? How does the Federal Open Market Committee dier from the Board of Governors in terms of their composition and responsibilities fo..
Compute how this policy affects consumer surplus, and the cost of pollution. Would you recommend this policy.
The corporate governance issue most important in the recent dismissal of american apparel's founder as CEO involved,
Select one topic, then post and concisely defend your view. You may post to both topics, but are required to only select one for your initial post. Be careful to identify the positive reasons for your normative position. Examples of Outsourcing. Iden..
Using Year 1 as the base year, what is the growth rate of real GDP from Year 1 to Year 2? (b) Based on the GDP deflator (GDP Price Index), what is the inflation rate from Year 1 to Year 2?
On September 18, 2003, hurricane Isabel struck the North Carolina Coast, causing extensive damage. For several days prior to reaching land the National Hurricane Center had been predicting the hurricane would come on shore between Cape Fear, North Ca..
If the demand curve is QD = 100 - 10P and there is a $1 price increase, then the elasticity of demand at P = 2 is 2. If the absolute value of a demand elasticity is less than 1, then
illustrate what can you determine about the market for wheat.
Bob’s Breakfast, a perfectly competitive restaurant, sells its Breakfast Special (the only item on the menu) for $5.00. The costs of waiters, cooks, power, food, etc. average out to $3.95 per meal. The costs of the lease, insurance and other such exp..
Consider the following firm (indirect) cost function: C(v,w,q) = 2(q·v·w)0.50. At q0 = 100, w = $20, v = $5, the (contingent) quantity demanded for labor input lc is what number? NOTE: write your answer in number format, with 2 decimal places of prec..
what is the opportunity cost of producing a unit of wheat in the united kingsom? In the united states?
If an economy is in short-run equilibrium that is below potential, what forces will bring the economy to long-run equilibrium?
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