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What are the four market types? Give an illustration of each.
From a social standpoint, what is the problem with monopoly? Discuss this using an example for illustration.
What is the point, based on the Equimarginal Rule, which has equal marginal benefit (or the closest) for the two purchases?
The firm's average variable costs and average fixed costs per month are R200-00 and R500-00, respectively.
When we apply 50 tons of fertilizer, the total yield is 1500 bushels. Elucidate the marginal value product per ton of fertilizer.
He is going to travel the world this summer and won't be working. How much must be set aside in his savings account for the 3-month summer to cover his rent for next year? The savings account earns 3% with monthly compounding.
If a bank reserves of $100 million and checking deposits of $700 million, how much are the bank's: (a) required reserves? (b) excess reserves?
q.consider ?the ?following ?market ?for ?a ?single ?good ?x ?with? two? firms ?that compete ?via? price? bertrand.?you?
Describe the benefits and costs associated with each type of externality. What happens to the Supply and/or Demand curve in each of your examples.
Consider a farmer who can either plant or market/consume his crop. Whatever amount he plants becomes a crop twice the size the following year. For example, if he plants seed from 2 ears of corn, he gets 4 ears of corn at harvest. Assume he starts off..
q1. in a perfectly competitive firm when you have a table which gives quantity cost total costs explain how can you
What resources are combined by firms to produce goods and resources?
q.consider an employee who does not receive employer-based health insurance and must divide her 700 per week in
When interest rates (IRs) decrease, how might businesses and consumers change their economic behavior? If there is a decline in the money growth, what might you expect to happen to real GDP (real output) and inflation rate?
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