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What are the two properties of public goods? List an example of both public and private goods, andindicate whether each of them possess these two qualities. Explain why or why not.
According to the table above, if the wage rate is $500 and the price of output is $5, how many workers should the company hire?
Explain what happens to the nation's aggregate supply curve, the short-run equilibrium level of output, and the price level if:
A firm that is a natural monopoly Answer has very small fixed costs and very large marginal costs. can supply the entire market at a lower average total cost than two or more firms. cannot make an economic profit if it is not regulated.
Describe the industry equilibrium price/output combination both graphically and algebraically. Calculate the level of excess supply (unemployment) if the minimum wage is set at $7 per hour.
Compute the abnormal return of Stock Z if the market price is $13.68, the risk-free rate is 4 percent, the return on the marketplace portfolio is 10 percent.
Discuss perfect competition and long-run equilibrium. Provide detailed descriptions, definitions and concrete examples of your findings. Additionally, how does the proliferation of global trade and competition contribute to markets moving
discuss how opportunity costs relate to japans cleanup efforts after the devastating earthquaketsunami of march 2011.
Normally the selling price of a product, p, is related to the demand according to the following relationship: p = a - bD. However, a company has found that the price (in dollars) of its product can be related to demand, D
Branding Iron Products a specialty steel fabricator operates a plant in the town of West Star, Texas. The Town has grown rapidly because of recent discoveries of oil and gas in the area. Many of the new residents have expressed concern at the amount ..
Sales for year just ended were $500, and fixed assets were used at 80% of capacity. Current assets and accounts payable vary directly with sales.
As part of its defense, the firm has argued that the geographic antitrust market includes a larger neighbouring city with multiple firms. The defense offers two pieces of evidence in support of its larger geographic market.
1. which of the following best illustrates the concept of the fact that people respond to incentives? jordan is
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