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Marginal benefit curves
When negative (or positive) externalities exist economists say that the market has failed to produce the right amount of the good at the right price. What do economist mean by this? How do they determine what the right amount of the good is?
Elucidate the similarities and differences of the breakup of the AT&T/Bell System antitrust problems.
Now assume that these outputs comprise all of GDP. Keeping 1992 as the base year, Elucidate the GDP deflator for 1993.
At what price will she buy four visits? Eight visits? What is the elasticity of between a price of $5 and $6 per visit? Between a price of $29 and $31?
The best Leisure John may get in a week is 168 hrs. Other than that how many hours a week John works, he gets a $200 allowance from his father.
Compute the total fixed costs, total variable costs, average fixed costs.
Make an example of a comparative advantage model by 'choosing two countries and two products.
Explain how might Peterson draw on the insights of new growth theory to draft a position statement ruling out unhindered immigration but proposing greater openness to "targeted immigrants".
What would you give an example of a microeconomic decision you've made at work or home? What factors contributed to making that decision.
Elucidate the price should you charge for a midsized automobile if you expect to maintain your record sales.
Elucidate explain why after such unprecedented economic growth, technical advance economies still experience economic cycles and stagnation.
Illustrate what is the impact of shifts of the aggregate demand curve on potential output. Illustrate your answers with a diagram.
Illustrate one half the present value of a $30,000 annuity for 30 years when discounted at 4 percent.
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