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The very small country of Powerless produces no laptop computers whatsoever. It can purchase laptops on the highly competitive world laptop market at the prevailing world price.
In a diagram showing the market for laptops in Powerless (with price of laptops on the y-axis and quantity of laptops on the x-axis), illustrate the quantity of laptops demanded, the level of imports of laptops, the price paid for laptops and the consumer surplus
A monopolist has a constant marginal and average cost of $10 and faces a demand curve of Q D = 1000 - 10P. Compute the monopolist's profit-maximizing quantity, price, and profit.
Assume x and y are the only two goods a person consumes. If after a rise in p x , the quantity demanded of y decreases, one could say
What is the difference between the medium of exchange and the store of value? What is the difference between commodity money and fiat money?
Find out the optional number of units to put in a package. How much should the firm charge for this package?
The nation is divided into __12______ Federal Reserve districts, each having a Federal Reserve Bank.
Suppose a firm must pay an annual tax, which is a fixed sum, independent of whether it produces any output-How does this tax affect the firm's fixed, marginal, and average costs?
Media Corp. has determined that its customer base is divided into two groups: sports fans and news junkies. There are one million sports fans and one million news junkies.
In a perfect capital market, advices for a corporate financial manager on making capital structure decisions.
Decide if the values of the goods produced are included in the 2006 GDP and explain your reasoning.
Point out how each of the following would shift the 1) average-variable-cost curve, 2) average-fixed-cost curve, and 3) average-total-cost curve. Mention two types of businesses that their costs are mostly variable costs, and list 2 types of busin..
If the government starts welfare policy which pays B to all non workers and 0 to all workers, at what value of B will Mike opt out of the labor force and go on welfare?
Use the production possibilities frontier (PPF) to demonstrate economic growth.(Growth and the PPP)
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