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What is supply and demand. Illustrate what is the value of the tax revenue collected from the buyers? Why wasn't the government able to collect $12 per tire on 60 tires sold( the original equilibrium quantity)?
Estimate the strength of your bargaining position for each option. Which of these would be the most advantageous.
How can a compensation scheme designed to enhance worker motivation lead to this result.
Suppose we only use labor in a production run. How do we determine the optimal level of labor input in the short run? In other words what condition must be met
Find the optimal output and retail price for a vertically integrated monopolist, either using a graph or calculus. Illustrate answer with graph.
Do these public goods conform to the law of demand. For which public supplies is demand price elastic.
How big would that budget have to be before he would spend a dollar buying a first cup of coffee.
Compute the company's total costs, and graph the revenue curve and the total cost curve. Do the curves have the shape you expect. Over what range of production is the company making pro ts.
Can goals like avoiding unethical or illegal behavior be in conflict with the goal of the firm. Explain how does this complicate the agency problem.
Elucidate the effect of capital formation by compering the production possibility curve,at the present time and ten years in future, for two economies,one with a high and the other with a low rate of capital formation
Describe two ways in which greater education opportunities for girls could lead to faster economic growth.
Illustrate what conclusions can you draw about this period by comparing this cycle to previous business cycles.
In a market economy, every resource will tend to be paid according to its marginal product. Highly productive resources will command high prices, whereas less productive resources will command lower prices.
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