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When it is costly or impossible to exclude someone who hasn't paid to use a particular good from using it, then that good is classified as being: a. public good b. free rider c. un excludable d. non excludable
Assuming which the budget stays the same except for the interest on the debt for 10 yrs which will be accumulated debt
An increase in the price of a product (P), along with an increase in the price of an input factor (PI), is certain to lead to an increase in quantity supplied (QS). An increase in the dollar amount of fixed costs increases marginal cost.
Explain how do real GDP and the cost level change if the forecast of inflation turns out to be incorrect.
In february 2014, hostilities escalated between Russia and Ukraine over Crimea. Predict the effects of these hostilities on the exchange rate between the U.S. dollar and the Russian Ruble? which now find themselves more competitive with Western impor..
Wadjase Corp prepared a master budget that included $17,800 for direct materials, $28,000 for direct labor, and $15,000 for variable overhead, and $38,700 for fixed overhead. Wadjase Corp planned to sell 4,000 units during the period, but actually so..
What is the impact of free trade on domestic job creation policy? Elaborate with examples. What are the impacts of outsourcing and off-shoring on trade liberalization (globalization) and economic structure?
The possibility for gains of trade is due to the fact that different countries face different resources endowments, production costs and geographical locations. Interpret and expand with examples.
A consumer buys only two goods, X & Y. a) If the MRS between X and Y is 2 and the marginal utility of X is 20, what is the marginal utility of Y?
Explain the "common interest logic" and the "economic logic" of group behavior in terms of the likelihood of the success of groups.
Studies indicate that the price elasticity of demand for beer is about 0.9. A government policy aimed at reducing beer consumption changed the price of a case of beer from $10 to $20. According to the midpoint method, the government policy should hav..
q1. draw an ad-as diagram representing the u.s. economy in a recession. also draw a diagram of the u.s. labor market in
Suppose the monopolist is regulated to charge a rate which covers all unit cost and total cost, what is this rate and how many units will the monopolist produce?
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