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Suppose a firm uses two inputs, 1 and 2, in the production of a final good. In the short run, if input 2 is fixed and its price goes down, what happens to the firm’s profit?
1. a special interest group cannot impose its will on the majority because the perceived costs and benefits from
Sometimes, a bidder on a work contract may bid lower than what would maximize his/her profit from the contract and the reason for that is to create goodwill (to increase expected future business from the buyer).
Calculate the total social marginal benefit function and what is the socially efficient number of computer movie files?
Are the salaries received by professional sports athletes outrageously high? Must the CEO's of financial institutions receive more monetary compensations than entertainers, since their jobs contribute more to the development of the country? What are ..
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?
the role of governments in the economy is one of the most debated issues in economics. similarly one of the most
Purchase of machinery to be used in production unit - 100, Sales-200, Intermediate costs-90, Indirect Tax-12, Change in Stock-10, Excise duty-6, Stock of raw material-5.
Why is the banking system in the United States referred to as a fractional reserve bank system? What is the role of deposit insurance in a fractional reserve system?
The weight of items produced with a machine is normally distributed with a mean of 8 ounces and a standard deviation of 2 ounces. What is the probability that a randomly selected item will weigh among 6.4 and 8.9 ounces
formulate a hypothetical problem and analyze or show how you would solve the five economic tools from your textbook. be
assume that we are using a waiting line model to analyze the number of service technicians required to maintain
1. select an organization state the nature of this interest in your memo. it can be a publicity owned comapny a
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