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Why is it impossible for a profit maximizing monopolist to choose any price and quantity it wishes?
decisions how indusrtry make important decision with so much economical unrest.
Suppose a consumer purchases only two goods %u2013 food and clothing. Her preferences between two goods can be represented by the following utility function \(U(x,y)=x^{\alpha}y^{1-\alpha}\) where 0
If the Federal Reserve sells government bonds, will short-term interest rates rise or fall. Explain how this will affect aggregate demand and the rate of growth of the economy.
If the marginal product of capital net of depreciation equals 8 percent, the rate of growth of population equals 2 percent, and the rate of labour-augmenting technological progress equals 2 percent
Find the proportions of consumption spending and investment spending in US GDP. What proportion of US GDP is comprised of wages. The information can be found at the BEA website.
what determines whether or not resources is scarce? Why is the concept of scarcity important to the definition of economics?
The form of economics most relevant to managerial decision-making within the firm is:
exchange economy with two goods x,y. Person A has 16 units of x and no y; B has 4 x and 40 y, Ua(x,y)= x(^1/3)Y(^1/9) Ub(X,Y)= X^(2/3)Y(^1/9) 1) the demands for goods x and y for both persons. 2)state the conditions for market equilibriumeral.
Determine what activities should we look for in order to estimate if an entrenched management is taking actions that would harm us as shareholders?
Acme is sole supplier of security systems in product market and sole employer of locksmiths in the labor market. The demand curve for security systems is given by P=100-Q.
Determine wHich of the following is example of an adverse selection problem and which is a moral hazard incentive problem?
Assume that Japanese and U.S automakers produce on identical isoquats. Wages are higher in Japan than in the United States.
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