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For what reasons would you expect a monopoly to charge (a) a higher price, and (b) a lower price than if the industry were operating under perfect competition?
Production of each unit of output Q leads to a marginal external cost of $50, caused by pollutants emitted by the production of Q. If we add this marginal external cost to the market information, the equation for the social-cost supply curve is gi..
The data are available for output (Q) and Long Run Total Cost (LTC) for a firm. Using appropriate calculations determine the range of outputs over which the firm's technology exhibits Increasing, Decreasing or Constant Returns to Scale.
Illustrate what does this say about the likelihood of our running out of resources.
Suppose an adverse productivity shock reduces the marginal product of labor to MPN = E(360 - 4N)/30. How would your answers to parts (a) and (b) change?
a paint factory produces paints but in the process transmits chemicals into the soil below the factory. these chemicals
Where z is marginal utility per dollar spent, x is the amount spent on product A, and y is the amount spent on product B.
What would be the effect on the developing countries of the world if we were to change to a steady-state economic system?
The size of the worker force in a community these folks are gainfully employed What is the unemployment rate.
Monetary policy by the US Federal Reserve is important for the US economy. However,economists disagree about several aspects of Federal Reserve decision-making powers including the composition of the Federal Reserve committees, Federal Reserve goa..
Money, Banking, and Monetary Policy: What do economists mean when they say that monetary policy can echibit cyclical asymmetry? How does the idea of a liquidity trap relate to cyclical asymmetry? Why is this possibility of a liquidity trap significan..
Assume that the array A[1..n] only has numbers from {1,...,n2} but that at most loglogn ofthese numbers ever appear. Devise an algorithm that sorts A in substantially less than O (nlogn).
Illustrate what are the three major categories of expenditures for the federal government. Explain whether or not we should be concerned with net interest outlays and national debt.
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