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Describe how the price system answers the five fundamental questions of economics, and discuss at least two of the short-comings of the capitalist price and market system.
what is the difference between a price ceiling and a price floor? if a price ceiling is set below the market
For a firm in a perfectly competitive market that faces a market price of $5/unit for its output, draw a diagram showing a U-shaped long run Average Cost curve and the related Marginal Cost curve so that, in the situation you show
An improvement in technology lowers the cost of production of DVD recorders. Explain what happens to consumer surplus in the market for DVD recorders.
suppose you have two types of customers. type 1 customers typically purchases your firms product in bundles of 100
Testing for overidentifying restrictions
What is the level of equilibrium income in the economy and what is the value of the marginal propensity to expend?
discuss the characteristics of monopolistic market in detail. name five different companies that belongs to this
in the early part of the last decade there was an overproduction of coffee. the price dropped so low that producers
Plot the supply and demand curves on a plot with "Quantity of houses" on the horizontal axis, and "Price of houses" on the vertical axis.
you are given the following equation for the real demand for money mpd .25y - 50 ra. compute the demand for money
Study an organization of your choice and recommend methods to decrease costs. Determine what effects do technologies have on costs and what are some lower cost sources organization may utilize to decrease cost?
How does a generic drug differ from its brand name, previously patented equivalent Explain why the price of a brand name drug typically declines when an equivalent generic drug becomes available Explain how that drop in price affects allocative ef..
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