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The government is considering a policy to reduce air pollution by restricting the use of “dirty” fuels by factories. In deciding whether to implement the policy, how, if at all, should the likely effects of the policy on real GDP be taken into account? Discuss.
Which of these would cause the demand curve for bison (American buffalo)
The monopolist has a constant marginal and average total cost of $50 per unit. Find the monopolist’s profit – maximizing output and price.
Elucidate unequivocally why the foundation of trade has nothing to do with absolute advantage and only the law of comparative advantage is relevant.
Explain how does the availability of substitutes affect purchasing decisions.
The tennis star had to forfeit the match due to unsportsmanlike conduct.
Speedy Limo is a limousine service located on the north side of Indianapolis. It specializes in transporting people to and from Indianapolis airport, although it will deliver people anywhere in the Indianapolis area. It competes with taxis and pub..
Suppose that market forces of supply and demand interact in a market to determine an equilibrium price. Explain or describe how the determination of this price might serve to determine which firms might actually participate in this market. Explain fu..
A firm has offices in London and New York. Fractional units of labor can be employed in each location (as part-timers can be hired) and the headquarters could be in either city.
Suppose that instead of allowing the economy to proceed from the short-run to the long-run equilibrium, the government decides to maintain Y = Y2. Would the economy remain at point B? Explain your answer.
Economists call the pursuit of a transfer of wealth through government at someone else's expense:The primary force encouraging the entry of new firms into a purely competitive industry is: The field of economics that analyzes government decision maki..
What is the expenditure multiplier-explain this briefly? What does it multiply? When an economy is in equilibrium what the size of unplanned inventories is?
The company is risk neutral and so maximizes expected profits net of wages.
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