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If the number of tomato growers in the market increases, the supply:
of tomatoes increases.
of tomatoes decreases.
tomatoes remains constant.
curve for tomatoes shifts to the left.
Consider the market for carbonated water and suppose that demand is given by D(p) = 100 – 5p There are only two firms producing carbonated water, each with the same constant unit cost c = 2. What are the equilibrium prices and quantities if the firms..
Evalute the strengths and weakness of Callaway, Taylor Made, Titleist, Ping, and Nike. Which company has a competitive advantage in the marketplace.
Describe the cost- benefit approach that a typical economist takes to analyze regulations. How are economic policies impacted by politics, and how can politics make a positive or a negative contribution to economic policy?
Why doesn’t the Fed simply keep increasing the growth rate of the money supply at faster and faster rates to drive the unemployment rate lower and lower? Wouldn’t the gains in terms of faster output growth far exceed the losses from inflation?
What are the differences among productive and allocative efficiency. What conditions must be present for productive and allocative efficiency to be achieved in the 'real' world.
Illustrate what is Michelle's opportunity cost of producing potatoes. What is Michelle's opportunity cost of producing chickens.
Kal Tech Engineering is investigating the possibility of acquiring new automated packaging equipment at a cost. Describe the equivalent uniform annual cost (EUAC) if MARR for the company is 10%.
In terms of aggregate supply, a period in which nominal wages and other resource prices are unresponsive to price-level changes is called the A. long run. B. short run. C. very long run. D. immediate market period.
Illustrate what the assignment should include. The bureau of labor statistics reported that in the second quarter of 2008 the working age population.
How should the manufacurer respond to this competitive threat? Suggest at least two alternatives.
Many argue that breaking up a monopoly is a Pareto-efficient change. This interpretation cannot be so because breaking up a monopoly makes its owners (or shareholders) worse off. Do you agree or disagree.
q1. you have 2000 to spend on entertainment this year. the price of a day trip t is 40 and the price of pizza and a
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