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Perfectly competitive factor and output markets are similar in that when both are present both generate:
A) an underproduction of output.
B) an efficient allocation of resources.
C) market prices that are greater than opportunity costs.
D) market prices that are less than opportunity costs.
determine total project completion time and critical path for installing electrical wiring and equipment in residential houses. In addition, determine ES, EF, LS, LF and slack for each activity.
At present, the original manufacturer is deciding either they should continue production of toy truck.
disposable personal income decrseases by$15 billion and the trade deficit is reduced by $5 billion. Explain by how much have investment, consumption and national income changed.
Constrained Optimization in Economics 2. Minimize costs for a firm with a cost function Subject to the production quota
What was the absolute amount of increase in real income? - Make your calculations of the percentage change in real income and the absolute change in real income using the approximation formula and using the more precise method with index numbers.
Bill’s Grill is a popular college restaurant that is famous for its hamburgers. The owner of the restaurant, Bill, mixes fresh ground beef and pork with a secret ingredient to make delicious quarter-pound hamburgers that are advertised as having no m..
q1. the simple is-lm model predicts which cutting the governments budget deficit will reduce output in the short-run.
Illustrate what does a point outside construction possibilities frontier indicates.
illustrate what additional effect follow this initial affect. what is the total affect of the tax cut on aggregate demand.
q.macro-economics is perhaps most divisive area of economics when functionalized to political decision making also
what is the profit-maximizing price of e-books relating to do-it-yourself topics? At the profit-maximizing quantity, what is the average total cost of producing e-books?
q1. sprint prior to spinning the businesses off to concentrate on cellular phone service provided both local and long
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