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What are the other determinants of demand? What is an equilibrium? What are the effects of increased demand on equilibrium quantity and equilibrium price?
The owner of a fast-food restaurant estimates that she can produce and sell 1,000 additional hamburgers per day by renting more automated equipment at a cost of $100 per day.
Describe how the role of the government affects each market structure's ability to price its products and discuss the effect of international trade on each market structure.
Class, Hurricane Katrina's effect on the Gulf Coast was tragic for that area and for the entire United States of America. Many lives were lost and the true cost to society of the loss of human lives is immeasurable. The cost to the economy, however, ..
Why does the short-run market supply curve for a product slope upward to the right? Why does the long-run market supply curve generally slope upward to the right?
Calculate marginal pdf's of both variables and calculate the probability that Bobo has fun if Bobo studies economics.
What is average productivity? What is marginal productivity? Explain the relationship between average and marginal productivity. What would happen to average and marginal productivity if a technological innovation were introduced to the production..
Describe an example you are familiar with in which a technological innovation led to an improvement in productivity. What was the effect on the cost of doing business or activity in which this technology was employed?
Fluctuating and rising gasoline prices. Make your analysis on this topic and relate it to the US economy. Determine the three or four segments of our economy that are affected through fluctuating prices for gasoline.
Explain the basic ideas behind (i) employer, (ii) employee and (iii) customer discrimination. Give one example of each type of discrimination. Explain in more detail how employer and employee discrimination is likely to affect wage differentials.
Comparative statics examine in economics is best illustrated as comparison of equilibrium points before and after changes in market have occurred.
The pharmaceutical industry often has the luxury of implementing pricing strategies that appear high to consumers. Take a position on the fairness of the industry's approach to pricing pharmaceutical products including offering an alternative stra..
Charles decides to go to an operabecause he does not want to waste the $100 he spent on the nonrefundable and nontransferable opear ticket, despite the fact that he would prefer to forgo the opera and go to a concert with Bette on the same night.
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