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1. China and India are two countries that are leading the way in reducing global warming. True or false
2. A market is a logical extension of a decentralized system in which entitlements are assigned and can be traded.. True or false
3. Social efficiency is gained when collective well-being is minimal.
True or false
The special demand structure that induces a firm to use a cross-subsidization strategy is:
q.suppose there are 2 economies. in each economy there are 2 outputs bacon and eggs which are produced with perfectly
The demand for a good is P=200-5Q. The supply is P=50+10Q. What is the equilibrium price and quantity? (Make sure you show all your work)
Which of the following is true about retained earnings?
The ending of company prepayments balance is expected to be the same as its beginning prepayments balance.
The world's largest carpet maker has just completed a feasibility study of what to do with the 16000 tons of overruns, rejects, and remnants it produces every year. The company's CEO launched the feasibility study by asking, why pay someone to dig co..
In evaluating the accuracy of their statements, should one distinguish between (i) economist’s descriptive statements, propositions, and predictions about the world, and (ii) their statements about what policies should be adopted. Explain in detail
First National Bank receives a deposit of $5,400. If there is no slippage, explain how much could the money supply expand.
Explain the meaning of a Nash equilibrium when rms are competing with respect to price. Why is the equilibrium stable? Why don’t the firms raise prices to the level that maximizes joint prots? What is the DWL in this model?
Suppose a firms benefit and cost structure is given by the following respectively B(q) = 400Q-5Q^2 C(q) = 3Q^2 what is the output level at which net benefits are maximized?
When the price of gasoline increased from 3 to 4 dollars per gallon, the demand for gasoline decreased from 100,000 gallons to 90,000 daily. Also, the demand for a $50,000 SUV dropped from 3000 to 2500 cars per month. Estimate the change in the total..
A customer pays an admission fee to get into the local YMCA, and also a monthly membership fee.
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