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Question: Would you rather have efficiency or variety? That is, one opportunity cost of the variety of products we have is that each product costs more per unit than if there were only one kind of product of a given type, like shoes. Perhaps a better question is, "What is the right amount of variety? Can there be too many varieties of shoes, for example?"
from the scenario assuming katrinas candies is operating in the monopolistically competitive market structure and faces
What is the price elasticity if a single firm raises its price (with other firms' prices unchanged? Hint: Use the expression for elasticity in equation 3.8b, EP = (dQ /dP)(P/Q), and note that the individual firm's output Q 1 is only one-quarter as..
Edward the entrepreneur takes two hours to cut a lawn, and he cuts 1,000 lawns per year, he use solar powered equipment thw will last forever and can be sold for $20000. the interest rate is 10 perent given his current output level, compute his margi..
The cost function for gumballs is given by TC = q(2v+w), where q is the output of gumballs (in thousands), v is the hourly rental rate for gumball presses, and w is the hourly wage.
based on 21 months of past data ziggys drive-in has determined that the demand for its hamburgers is given by the
The price of coffee goes down and consumption of coffee increases. Is coffee an ordinary good. The price of coffee goes up and consumption of coffee increases. Is coffee an ordinary good. The price of coffee goes up and consumption of coffee remai..
For given real interest rate and riskiness in the home country, how would the capital inflows to be affected by an increase in real interest rates abroad, show your answer graphically.
What is a worm as it relates to computer terms which could reproduce and transfer itself into other computers or a virus which could reproduce itself but could not transfer attached to the infected file?
Calculate the percentage decrease in quantity due to 10% increase in price - what would be the change in the demand for college and university education?
Based on your analysis of the data that you present, provide your opinion on what would be the main areas of concern if the two organizations were to merge and how they could be overcome.
the web site amazon.com once aimed to be the worlds largest bookseller. now the company offers a wide range of products
If the supply curve shifts to the right and the demand curve shifts to the right by an equal amount proportionately, what will happen to equilibrium price?
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