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The perfectly competitive firm exhibits resource a locative efficiency (P = MC), but the single-price monopolist does not. What is the reason for this difference? Explain very briefly with good examples.
You are the manager of a perfectly competitive firm selling a product. Your business is making a loss because total revenue is less than total costs. What would you do--shut down or continue to operate.
If countries can benefit with increasing their consumption possibilities through trade, why do so many countries place restrictions on trade?
If you hold shares in a corporation and management decides to plow back the company's earnings some year instead of paying dividends, what are the advantages and disadvantages to you
Explain the advantages and disadvantages of international trade. Some possible areas to use are comparative advantage, gains from trade, and trade restrictions.
a university spent 1.8 million to install solar panels atop a parking garage. these panels will have a capacity of
in the system of approval voting each voter may vote for as many candidates as she wishes. if there are three
June 26 2008 - A recent opinion through Opinion Research Corporation found that many United States businesses are missing out on vital feedback and ideas from their own workforces.
What does the Marshall-Lerner condition look like if the assumption that changes in the exchange rate are relatively small does not hold. Show the modified equation and explain how it is different - and how it makes a difference - compared to the sta..
Take a position for or against the complete privatization of the educational system and support your position with evidence or examples. Discuss the pros and cons of the voucher program and determine whether or not this is an economic policy you w..
A new contraption to help you eat yogurt easily while driving, autogurt, is now on the market. It costs Justin $2 in equipment per unit, and takes him approximately 6 min to make. Justin charges $20 per hour. Justin additionally pays an electricit..
provide a cost-benefit analysis for a company which has to decide whether to hire more staff or hire temporary workers
The price of X and Y are $40 and $60 respectively. Use the following table of total utilities to answer the following questions.Good Total Utility of X Total Utility of Y
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