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What is the difference between consumer surplus and producer surplus? If the domestic price of oranges is $3.00 per pound and the world price is $2.50 per pound and if the nation allows unrestricted trade, what will be the result to consumer and producer surplus?
Explain which fiscal and monetary policies might "activist" Keynesian economists recommend to help a depressed economy regain full employment.
Is the industry or industries in which the firm operates conducive to abnormally high rates of return.
What would the supply of labor curve which look like over this range of wages.
The manager of a corporate division faces the posibility of an audit every year. She prefers to spend time preparing if she will be audited; otherwise, she would prefer to invest her time elsewhere.
Does a lump sum tax cause the after tax consumption schedule to be flatter than the before tax consumption schedule.
Supposes cost of consumer market basket rose from $200 in base year to $225 in current year. Calculate CPI in current year and percentage change in prices between base year and current year.
Illustrate the expected total monetary loss under 4% of annual interest rate if this park is permanently closed this year.
what happens to gross debt as a percentage of GDP. Elucidate what happens to the level of debt held by the public as a percentage of GDP.
Explain how do acts of intellectual piracy hurt American companies.
From the scenario, suggest substantive ways in which Herb and Renee may use the information in the table in order to ascertain the profit maximizing level of output and price. Provide a rationale for your decision.
Compute the price and quantity of equilibrium in each country when both country A and country B are closed economies.
Why are the Average Cost Curves U-shaped. What is the Law of Diminishing Returns. Discuss a company's two short run options.
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