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Q1. Assume that cookie producers create a positive externality equal to $2 per dozen. What is the relationship between the equilibrium quantity and the socially optimal quantity of cookies to be produced?
Q2. Assume that the firm's production function is given by Q = 10KL1/3. The firm's capital is fixed at K. What amount of labor will the firm hire to explain its short-run cost-minimization problem?
Q3. Explain the solution to the firm's cost-minimization difficulty ever occur off the iso-quant representing the required level of output?
Compute how many acres, hectares each person wold occupy if all U.S. residents.
Explain how absolute and comparative advantages were used in your simulation.
Does a persistent balance of payment deficits result in a pressure to devaluate the currency.
q.assume that country a has a population of 500000 moreover only produces one good car. country a produced 100000 cars
Illustrate what will be the price of this new drink in the long run, assuming the industry is a Cournot duopoly.
the monopoly will experience a loss the monopoly will earn a profit the monopoly will earn zero profit consumers will be worse off than they would be if the firm's profit maximization activities were unregulated
Why do national income accountants compare market value of total outputs in various years rather than actual physical volumes of production.
Describe how the Monsanto Corporation is a monopolist. How has the government helped the company maintain its power as a monopoly?
People are lured by the idea of 50 mile per gallon vehicles which still perform well also are willing to pay the high prices to get one.
q.use the following graph for yolandas frozen yogurt stand to answer the questions that follows.a. to compute the price
What did the Civil War change any opportunity costs in the South. Did the opportunity cost of everything rise? Or did items cost less.
q1. in a recent survey of high school students it was found that the average amount of money spent on entertainment
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