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What factors (determinants) will cause a change in demand and what factors (determinants) can cause a change in supply? Can you give any current examples of a determinant of demand that you see changing in any industry or marketplace or a determinant of supply that you see changing? In your own words
Should the firm shutdown immediately when the total fixed cost equals $1,000,000? Should the firm shut down immediately when the total fixed cost equals $3,000,000?
Ipads and laptops are substitutes. Use a supply and demand to show what happens to price, quantity, consumer surplus, and producer surplus in the market for laptops (after a technological advance has reduced the cost of making Ipads).
You have a 0.35 probaability that you can turn your current $15,000 into $50,000 and a 0.65 probability that fierce competition will drive you to ruin, losing all your money.
A limited liability company is the best form of business for owners who or in a specific industry, two dominant firms work together to set prices.What we call this
1. if a consumer purchases a combination of commodities x and y such that muxpx 20 and muypy 10 to maximize utility
RedBall Productions is a new company based in Orem, Utah.RedBall supplies stock images of still photography.
The Arena Corporation, which sells engines, has a uniform value of $500, which is charges all its consumers. But, after its competitors begin to cut their rates in the California market to $400, Arena decrease its price to $400.
What is actuarially fair premium with deductible D? Calculate the certainty equivalent for actuarially fair insurance contract with $1000 deductible?
identify a time in your life when you had to make a personal or professional decision such as buying a home changing
Suppose the government imposes a tax of $1 per unit to reduce widget consumption and raise government revenues. What will the new equilibrium quantity be? What price will the buyer pay? What amount per unit will the seller receive?
Why should workers care about increases in labor productivity?
Using the Keynesian cross model, draw a graph to illustrate and explain what will happen in an economy when planned aggregate expenditures are greater than real GDP (i.e., A.E. > Y). How is equilibrium achieved in this economy
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