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Nonmarket work includes time spent
a. producing goods and services for your employer
b. pursuing hobbies and crafts
c. engaging in strenuous physical exercise to reduce your weight
d. producing your own goods and services
e. managing your own firm
q1. why might a company use an indirect cost discrimination scheme versus direct cost discrimination?q2. starting with
Can you find a Nash equilibrium in pure strategies that is not efficient. In some legislatures, proposals for modifications of the law are formulated by committees.
All of the following are instruments of fiscal policy except
A local cell phone monopoly faces the following monthly inverse-demand for lines from a typical family: P = 100 – 20Q. The total cost to the monopoly is C(Q) = 20Q. This implies that the marginal monthly cost to the monopoly is $20 per line. (Please ..
Discuss economic forces (supply factors, demand factors, government policy) that affect the health care market.
Elucidate the relationship among scarcity, choice and opportunity cost in the context of managerial economics.
Suppose the government imposed a price ceiling on a monopolist. Let denote the price ceiling, and suppose the monopolist incurs no costs in producing output. True or false: If the demand curve faced by the monopolist is elastic at the price, then the..
When property is disposed of, what factors influence the amount of the deductible loss? Define. What is the importance, if any, of passive activity? Compare and contrast the computational rules for deducting casualty losses on personal-use property w..
During course of twentieth century, average workweek in United States has gotten shorter and Americans have enjoyed greater amounts of leisure time. How has this development affected potential GDP and labour productivity.
Finds in a simple regression analysis which demand increases with an increase in advertising also falls as advertising expenditures are reduced.
The long-run and short-run aggregate supply curves reflect fundamental differences between long-run and short-run macroeconomic analysis. Graphically illustrate the long-run and short-run aggregate supply curves. Be sure to label the axes.
Explain what it would mean for you to move upward and to the left along your personal PPF. What kinds of adjustments would you have to make in your life to make such a movement along the frontier?
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