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Q1. Within which sections of the production function is marginal product increasing?
Q2. Explicate the link between scarcity, choice and opportunity cost?
Q3. "The potentially valid arguments for tariff protection military infant business security, self sufficiency as well as diversification for steadiness are also the most easily abused." Why are these arguments susceptible to abuse?
Q4. People join tennis clubs for a fixed fee for every year that allows them to play as much as they want without charge. It is because person who deposit these fees play more tennis than others who can use free public courts which means sunk costs matter for decisions?
assume that every driver faces a 1 probability of an automobile accident every year. an accident will on average cost
Over the last decade, several firms have entered this industry and, as a consequence, Forey is earning a return on investment that roughly equals the interest rate. Furthermore, the four-firm concentration ratio and the Herfindahl-Hirschman index ..
Congress cannot dictate how many workers industries hire at mandated wage. Given this fact, Illustrate what are effects of this law. Specifically, illustrate what happens to employment, output and total amount earned by workers.
Consumers buy from the lowest price firm, and the highest price firm sells nothing. If the firms pick the same price, they split the market demand equally.
They value campaign funding in terms of dollars spent. Therefore, after spending ci on a campaign.
To increase his market share in the fast food market, Jim would like to increase sales of the firegut to 750 per week, what price should jim set?
Now allow Foreign and Home to trade with each other, at zero transportation cost. Find out and draw a graph of equilibrium under free trade.
q.suppose a firm has the total cost functioncq1002q12q2afind the firms marginal cost functionb find the firms average
q1. when the price of ford pickup trucks rises from 18000 to 19000 the quantity of chevy trucks demanded increases from
Evaluate the Keynesian economists, besides John Maynard Keynes. Determine which economist you feel made the most significant contribution to economic theory. Justify your selection.
wants to produce 1,000 more garments of clothing, so the economy moves from point A to point B. Illustrate what is the opportunity cost of 1,000 garments of clothing in the range between points A and B.
Currently, the retailer sells 50 suits per week for $200 each. The retailer wants to sell the entire stock of 200 suits during the next year. What should be the sales price?
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