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The inverse demand function for mangos is defined by the equation p = 91 − 5q, where q is the number of crates that are sold. The inverse supply function is defined by p = 3 + 6q. In the past there was no tax on mangos but now a tax of $44 per crate has been imposed. What are the quantities produced before and after the tax was imposed?
Sometimes managers do not have strong incentives to maximize the firm value. At the same time development of the control systems can be both difficult and expensive.
If we accept the conclusion that librarians are more vital to the country than professional football players, explain why are librarians so poorly paid in comparison.
buy the five-foot strip of land from their neighbor only if the price is less than illustrate what Moe and Larry have already spent on the foundation.
Explain how this may be related to the problem of adverse selection. What could banks do to try to reduce this problem?
Firms pay efficiency wages because these wages:
Use your own words to write about apple (fruit) consumption in the United States. Please do not use Google unless you paraphrase and list resources. Describe as much as you can.
a. if gdp 500 consumption c 350 transfers minus taxes tr - ta 20 investment i 150 and the budget deficit bd 120
The firms cost functions are given by the following functional form: C(qi)=ciqi, where i=1,2. Under this functional form, the firms marginal cost equals its average cost. Discuss each firm’s best-response function when the firms compete by choosing p..
According to Classical economists, which type of fiscal policy financing produces "crowding out?"
Express Illustrate what will happen also why to the firm's average fixed costs, marginal costs, average costs also profits as the firm makes its choices.
Specify the main economic (not political) drawback of an economic integrations among nations? Explain. What (what circumstances) makes adopting and implementing common macroeconomic policies (monetary, exchange rate) challenging in a Common Market ar..
Are there any nice examples of firms using attachment bias to increase profits? Examples from the academic literature or well-motivated anecdotes are both acceptable. For instance, pet stores seem to let you play with the animals and GM used to have ..
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