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Suppose the supply curve is Q=2P. Suppose there is no sunk cost.
a. what is the producer surplus if 10 units of the good are sold at price P=5
b. graph the supply curve, P=5, and the area of the producer surplus
Which of the following changes might help solve a divisional conflict regarding a decision? If you were a manager of a cost center, which of the following areas would be of most interest to you? Which of the following actions is consistent with a man..
By using calculus show that the production function exhibits diminishing returns to labor.
Describe why it is often asserted that that exporters suffer when their home currencies appreciate in real terms against foreign currencies and prosper when their home currencies depreciate in real terms.
In order to boost funding for the state of Florida or Mississippi, depending on where you are, each state has decided to start a daily drawing where people can purchase a ticket for $1 with a 3-digit number from 000-999. Why then do so many people pu..
Using diagrams show what changes in price and quantity would be expected in the following markets under the scenarios given: Crude oil: As petroleum reserves decrease, it becomes more difficult to find and recover crude oil. Hotel rooms in Hawaii: Wo..
The player averages 5 rebounds and 20 points per game. Explain to the general manager of your team whether or not to sign the player.
What is the uncertainty of outcome hypothesis? What does the standard deviation statistic tell you? What is a shortcoming of using the standard deviation of winning percentage (within a season) to study competitive balance?
In macroeconomics from williamson (4th edition) in chapter 11, it says that demand for credit is R=q (totally elastic), but in williamsons notation, R is in nominal terms and q in real terms. Isnt that mistaken? shouldnt it be r=q? (r=real interest r..
q1. how do expectations of a near-term policy reversal weaken fiscal policy based on changes in tax rates?q2. why are
Can you relate the Classical and/or Keynesian macroeconomic models to assumptions about economic behaviors and to economic policies being implemented in the U.S. economy today?
Martha loves to eat chili, especially an award-winning chili recipe that calls for using 2 tablespoons of chili powder for 1 pound of ground buffalo. What is Martha's utility as a function of tablespoons of chili powder (P) and pounds of ground buffa..
q.consider a market with a demand function q 20 - p currently there are ten firms operating. each firm has the
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