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What output externality is not recognized by competitive firms, but is acknowledged by cartel members?
A light duty pickup truck has a manufacturer's suggested retail price (MSRP) of $14,000 on its window. After haggling with the salesperson for several days, the prospective buyer is offered the following deal:
a manufacturer faces the following inverted demand for its productp 41.5 - 1.1 qand has the following total cost
When you are given the units of resource, total product, and marginal product. what do you need to find to determine how many resources the firm will employ.
1. in the article below michigan is offering financial incentives to improve health. using economic models demonstrate
Draw and explain the parts of a PPC. Draw a PPC for country Nambi and assume that the economy produces only computers and automobiles. Suppose now that there is a new technological breakthrough in the production of computers.
assume you have been hired as a managing consultant by a company to offer some advice that will help it make a
your boss has chosen you to give a presentation to a number of foreign officials regarding the united states federal
What is true about the relationship between marginal revenue and marginal costs when profit is the greatest?
Identify three criticisms of GDP as a measure of economic activity.
Westside Plumbing and Heating Company is offered a contract for $100,000 to provide plumbing for a new building. The labor and equipment costs are calculated to be $60,000 for fulfilling the contract.
consider 2 countries avataria and twilightia which can be described by the solow model. avataria has a capital-labor
Suppose that in an economy a $40m increase in consumption leads a $200m increase in national income. Calculate the value of this economy's marginal propensity of save.
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