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Q1. Assume which perfectly competitive firms producing cashews discover which P exceeds MC. Will their combined output of cashews be too little, too much, or just right to achieve allocate efficiency? In the long run, Illustrate will happen to the supply of cashews and the cost of cashews? Use a supply and demand diagram to explain how explain how which response will change the total surplus (i.e., combined amount of consumer surplus and producer surplus) in the market for cashews.
Q2. Illustrate what are the relationships between strong monotone and non-satiation? Also illustrate what are the relationships between strong monotone and local satiation?
As a manager, Explain how would you decide Explain how many workers to hire. Illustrate factors might play a role in your decision.
Imagine that you were the president of an emerging country that is trying to reduce the number of its imports
Do you believe that profit (or shareholders wealth) maximization still represents the best overall economic objective for today's corporations.
If you are near graduation and plan to start your new job in 3 weeks, how does the Bureau of labor statistics classify you? Unemployed, employed or notin labor force.
Refer to the Real Estate data, which reports information of homes sold in the Goodyear, Arizona, area during the last year. Prepare a report on the selling prices of the homes.
Illustrate we know about the effects of mandatory seat belt laws, which of the following groups would be most likely to mount a campaign to repeal those laws.
Consider a small economy in which consumers buy only two goods pies and tarts. In order to compute the consumer price index for this economy for two or more consecutive years.
Each of the estimated coefficients statistically significant at the 95 per cent confidence interval. What is the optimal output level.
State two economic principles of taxation and which principle best justifies the excise tax on gasoline, when the tax revenue is used to maintain or improve the roads.
What are the annual accounting costs for the firm described above? What are the annual explicit costs for the firm described above?
Explain how high must the deductible be to encourage low-risk behavior
Hardwood Cutters presents seasoned as well split fireplace logs to consumers in Toledo, Ohio. The low-cost provider company is of firewood in market with fixed costs.
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