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Q1. What would you cite as examples of "government improving market outcomes"in recent economic history of the United States?
Q2. In terms of pricing, which of the following is not true for a monopolist?
Q3. Why might some firms voluntary pay workers a wage above the market equilibrium, evenin presence of surplus labor?
Q4. Explain the concept of diminishing marginal utility. Since all goods are scarce, does diminishing marginal utility contradict the statement that individuals always want more of all goods?
Q5. The opportunity cost of Juan's time is $8 per hour. If Juan receives $2 per pound for his fish, what is the optimal number of hours he should spend fishing?
The demand curve for videos has shifted to the right. Illustrate what could have caused it.
Explain how has the recent natural disaster in Japan influenced the provider of Toyota automobiles.
Should the CEO at Plain Truth cancel the audit and rely on a brief year-end summary from each sales account manager? Why?
Elucidate why an increase in one firm's output tends to deter production by the other.
Use indifference analysis to demonstrate the income, substitution also the total effects if good X is a non-Griffin inferior one.
If we can get foreigners to give us real goods and services and talk them in to taking pieces of paper in return why should we want anything different?" Do you agree or disagree with this statement?
Show what would in the market for unskilled labor if Congress were to raise the federal minimum wage to $9.00 per hour. The value of the Syrian pound has dropped
Arnett is appearing for a new Web portal to utilize to access information which interests him on Internet.
Illustrate what occurs to consumer also producer surplus when the sale of a good is taxed
Suppose the firm chooses this input combination. What is the firm’s short run cost function? What are the firm’s fixed costs? What are the firm’s variable costs?
Illustrate wat would happen if suppliers set the price of pizza at $15. Explain the market adjustment process.
Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?
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