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We know that the optimal consumption point is where the Indifference Curve is tangent to the budget constraint (i.e., MRS=Relative Price). Why are points along an indifference curve that intersect the budget constraint less than optimal?
Explain this statement: “Monopolists can set price and output since they are the only producer, but this does not necessarily guarantee they will make a profit.”
What has been happening in Florida in general in terms of unemployment over this time period. What about for GDP.
Japan's rapid growth pushed its real GDP per capita above that of the United States. Growth rates in follower nations such as South Korea and Hong Kong averaged about 10 percent per year.
Maintenance of forklift is $400 prr year during Years 1 and 2 while the warranty is in place. In Year 3 it jumps to $750 and increases $200 per year thereafter. What is the optimal life of the forklift?
Which factors make the strongest impact on your personal labor productivity, or that of your closest family member, if you don't have a job? What actions can a person take to increase his or her labor productivity?
Do you think such a policy will increase demand for electronic appliances.
Suppose that a calculator company operates in a perfectly competitive marketplace producing 5,000 Calculators every day.
Comparing Investment Criteria Mario Brothers, a sport producer, has a new idea for an exploration sport.
Illustrate what will be the effect of the different tools of fiscal approach to stabilize the economy
Find the total industry output and the number of firms in the market. How much economic profit does each firm in this market make?
Tthe price of elasticity of supply is of apartment is 0.50 use the demand and supply curve to show the initial equilibrium point a.
If there are two firms in the market, what are their profits after taking into account the entry cost?
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