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What do you think will cause market fluctuations over the next few years as the economy struggles to recover? What areas of the economy should be closely watched as indicators of future activity?
A firm†TM s demand function is defined as Q = 30 - 2P. a) Use this demand function to calculate total revenue when price is equal to 10 and when price is equal to 11. b) What is marginal revenue equal to between P=10 and P=11?
Illustrate what is true about the prices they are able to charge and their revenue if they try to practice second degree price discrimination as the Bills did.
Consider a perfectly competitive market for catfish. Fishers who catch catfish clean and package them before offering them for sale. The graph below shows the cost curves of a typical firm in the market.
The united states exports a substantial amount of scrap iron and steel to Japan and other countries. Explain Why do some US users of scrap iron and steel support a prohibtion on these exports
Prove which at the revenue-maximizing quantity, cost elasticity of demand equals one.
learned some of the basic principles of organization, pause and think of where you have already applied such concepts yourself
If you were to learn about a bottle of gatorade increased in size from 2009 to 2010, should that information affect your calculation of the inflation rate. If so, how.
Using the concept of opportunity cost also PPF explain the phrase affluence tomorrow requires sacrifices today
Illustrate what are the opportunity costs for the manager of being in this business relative to returning to his old job. What is the economic profit of the business.
What are external costs associated with cellular phone usage in automobiles. external benefits. What is difference between private and social costs. What distinguishes public goods from private goods.
The average consumer income is $20,000, and the price of the related good is $1.10. Compute the predicted quantity demanded of X at these prices and income.
then an initial increase in aggregate demand of $100 billion will eventually shift the aggregate demand curve to the right by.
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