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The market supply curve slopes upward because:
a. The market demand curve slopes downward;
b. The marginal cost curves of the individual sellers slope upward;
c. New businesses can enter in the long run.
q.marys fence post factory faces a perfectly elastic demand curve for fence posts at a price of 39 per post. let q
By what percentage would GDP be boosted if the value of the services of stay-at-home spouses were included in GDP
q1. using graphical analysis describe the effects of the following events on their respective markets. concisely
While negotiating the future amount, Wylie notes that he would be willing to take no less than $5,700 if he has to wait a year. What is his TVOM in percent?
Elucidate how marketable permits can be used to tackle pollution problems. illustrate your answer with examples from the real world. what problems might a permit face? again use real life problemswere possible.
Suppose that each country has 100 workers and completely specializes in its comparative advantage. How many units of output of sippy cups and binkys will each country produce?
State and elucidate principle of diminishing marginal utility in relation to consumer demand. Illustrate what is production function and how is it relevant to a production manager.
A recent study indicates to the long-run average cost curve for cellular telecom companies are basically flat. Illustrate what do you expect to happen to industry output.
How much profit will monopolist make if she maximizes her profit. llustrate what would be value of consumer surplus if market were perfectly competitive.
What is the indicator status of the Private Nonresidential Fixed Investment? Explain. What is the indicator status of Business Permits and Housing Starts? Explain.
Bread and butter are complements. A decrease in the price of bread results in a(n)
Elucidate the cost of producing an additional washing machine when 50 cars are being produced. when 150 cars are being produced.
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