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Identify atleast 4 key points of a relevant economic article . Write a 3-4 page paper, analyze dynamics of supply and demand to anticipate market equilibrium. Analyze elasticity of demand and supply and its importance and the effect of taxes or other public policies. Describe the impact of various forms of competition on business operations with emphasis on perfect competition.
q. each day matt eats lunch at school. he likes only twinkies t and soda s and these provide him a utility of utility
If the random variable X is normally distributed with mean and standard deviation, then the random variable Z defined by is also normally distributed with mean 0 and standard deviation 1.
Define the concept of a supply schedule or curve. Show that an increase in supply means a rightward and downward shift of the supply curve. Contrast this with the rightward and upward shift of the demand curve implied by an increase in demand.
q.assume that the most efficient production technology available for making vitamin pills has the cost structure given
Explicate why the government expenditure multiplier is different from the tax multiplier.
The tragedy of the commons is an economics theory by Garrett Hardin, according to which individuals, acting independently and rationally according to each one's self-interest, behave contrary to the whole group's long-term best interests by depleting..
"Other things equal, which reduces competition in an industry? "
A movement upward and to the left along a demand curve is called a(n)
Suppose an environmental regulation requires all polluters to reduce emissions by 50%, even though the cost of pollution control differs widely from one polluter to another. Why might this be inefficient, using the definition of efficiency developed ..
Duopoly quantity-setting firms face the market demand p = 150 − q1 − q2. Each firm has a marginal cost of $60 per unit. What is the Nash- Cournot equilibrium?
If you advertise and your rival does not, you will make $ 10 million and your rival will make $ 3 million. If your rival advertises and you do not, you will make $1 million and your rival will make $ 3 million.
Given the estimate for own price elasticity is -4.5, and the upper and lower 95% confidence intervals are -.5 and -8.5, what is the standard error for the own price elasticity estimate?
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