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Individuals ought to consume additional units of goods and services if their marginal: A. cost exceeds its marginal benefit. B. benefit is still positive. C. cost equals its marginal benefit. D. benefit exceeds its marginal cost.
consider the linear demand function q 20 - 0.5pa- find the level of output with the help of calculus qrmax where total
The equilibrium quantity increase or decrease depends on Demand
Economics essay-a brief paper about six pages in length also concisely analyze a contemporary problem illustrating Monopoly, monopolistic competition also oligopoly in the marketplace.
Suppose that Taher's pizza business operates under competitive conditions and that his short-run production function is q=20?E. What happens to the quantity of labor he demands if the wage increases to w1= $12?
Some airline executives have called for "re-reregulation." Why might an executive of an airline prefer to operate in a regulated environment?
Solve for steady-state level of captial and output. What savings rate would be necessary to achieve a steady-state output of 150.
Consider an initial stock of 5000 tons of high grade ore. The demand function for this ore is P = 2400 – 0.2Q (Q is measured in tons/year), and the cost of extraction is constant at c = $200/ton. The discount rate is r = 0.10. Recalculate Q0, Q1, p0,..
Management charges higher nightly rates in the winter, when its average occupancy rate is 75 percent, than in summer, when its occupancy rate is 85 percent. Can this policy be consistent with profit maximization? Explain.
Illustrate what happens to output, the price level, and the expected price level in both the short run and the long run.
Use the concept of a production possibilities curve to illustrate the choice between consumption of lifetime earnings during the period when the income was earned (horizontal axis) and consumption during retirement years (vertical axis).
illustrate what obligations do we have to society at large, including the world?" really make a difference in a company's competiveness.
A market with demand Q = 10 - p is supplied by a monopoly with costs C(Q) = 6 + 2Q. Calculate the equilibrium price, output, and monopoly profits. What would be the equilibrium if the market were supplied competitively by firms, and each firm had the..
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