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In the long run, both monopolistically competitive and perfectly competitive firms attain
A. Zero economic profits
B. positive economic profits
C. lowest cost production
D. Productive efficiency
Explain in detail the concept of excess burden and explain the factors significant in the calculation of the excess burden. What is marginal excess burden and why is it important concept for policy evaluation?
Illustrate what factor stores have in common behind their decline. Elucidate how would you conclude which were important also which were not.
A $10,000 mortgage bond that is due in 20 years pays interest of $250 every 6 months. The bond rate is closest to
Describe the key structural differences between the economies of the United States and China. What are the main sources of economic growth in each of these economies? How do these differences impact the countries' economic growth rates? Identify and ..
Draw the indifference curve for U = 48. Label at least 2 specific points. Explain why the general method for finding the utility maximizing quantity of inputs will not work for this utility. Be specific about the missing condition on preferences that..
q.a mechanical engineer who recently graduated with a masters degree is contemplating starting his own commercial
Explain why government deficits in more troubled countries, such as Zimbabwe or Iran, tend to produce more inflation than deficits in less-troubled countries, such as Japan or United States.
Price elasticity of demand is 1.5 and a firm raises its price by 20 percent the quantity sold by the firm will ceteris paribus.
What firms need to do in order to bring in the most talented people and make the fullest possible use of their abilities.
What is rent seeking behavior? How does it explain why government has grown in recent years and how it explain why it is difficult to change tax or spending policies in the United States?
Operating and maintenance expenses for a truck increase by $400/year for the first 5 years of operation. First-year O&M expenses are $2,400. The initial cost of a truck is $8400, estimated salvage value after 4 years is $2,400, and the salvage after ..
What is the difference between framework convention and a protocol? What are the advantages and disadvantages to a two-stage approach to negotians? Why do most negotiations for globl environmental regimes end up taking a two-stage approach?
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