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Temperatures have persisted below freezing levels in Florida throughout the months of December and January. As a result demand for electricity sharply increased and the price of lectricity rose sharply. The price of coal also rose. In these circumstances any resulting shifts in the supply curves for coal miners and electricity produces
What happens to consumer and producer surplus when the sale of good is taxed? How does the change in consumer and producer surplus comapare to the tax revenue? As a result of the above are taxes necessary to have? Explain.
According to the rule for optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company. In offering such training programs, is a company violating the optimality rule?
In 1975, President Ford proposed a $28 million cut in government spending and a $28 million tax cut, what is the result of the two actions on the economy? Show you work.
q.suppose you know that chateau mulls mrt of wine for garbage was 21 it would require the creation of 2 additional bags
Since its founding in 331 B.C.E., the city of Alexandria has been a center of trade for the Mediterranean countries, as well as the Middle Eastern countries. Part of this is due to geography, but it is also due to the network effect. What is the sour..
Indicate profit- maximizing level of output. If the price was $3 and fixed costs were $5, what would vaiable cost be? At what level of output would the firm produce?
q1. ibm should never sell its product for less than it expenses to produce. if costs to produce is interpreted to mean
In its rivalry with Westinghouse, General Electric instituted a "price protection" plan. This plan stated that if GE lowered its price, it would rebate the price difference to its past customers. Show that this plan makes collusion between GE and Wes..
i firms often face the problem of allocating an input in fixed supply among different products. nbspfind the optimal
Do you agree or disagree that preventative services are a viable solution to cutting down on rising health care costs, and why or why not? Why do you think that not all insurance companies offer preventative services?
What are the production costs of your economics class? What are the fixed costs? The variable costs? What’s the marginal cost of enrolling more students?
q.in a certain city where all parking is controlled by the city it is possible to provide parking facilities in the
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