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When a firm has the opportunity to add a project that will utilize excess factory capacity (that is currently not being used), which costs should be used to help determine if the added project should be undertaken?
Compared with perfect competition, quantity produced in monopolistic competition is inefficient as price is higher than marginal cost (i.e. allocative inefficiency). Why do some economists argue that even if price is higher than marginal cost, it doe..
At this level of pollution, what is the marginal cost of pollution control.
Illustrate what is the present equivalent of the overhaul expenses at time 0. Illustrate what is the yrly equivalent expense during only yrs 5-13.
He Office of the Registrar at UCSD took a random sample of 427 students and obtained their grade point average in college (COLGPA), high school GPA (HSGPA), verbal Scholastic Aptitude Test scores (VSAT), and the mathematics scores in the SAT (MSAT).
q.a. for jalapeno peppers draw a graph of market. be sure to label everything.b. draw a new graph that shows what
What would be benefits of action. What would be costs. How would you decide what was best level of emission reduction. Why do you think your approach would be better than others.
Suppose that, over the short run (say, the next five years), demand for OPEC oil is given by Q = 57.5 - .5P or, equivalently, P = 115 - 2Q. (Here Q is measured in millions of barrels per day.) OPEC’s marginal cost per barrel is $15. What is OPEC’s op..
Government sometimes restricts international borrowing and lending by taxing them. In a two-period, two-country endowment model, if the Home's position is r^A
How does Toyota’s approach to social responsibility relate to the three concepts of social responsibility described in the text (profit responsibility, stakeholder responsibility, and social responsibility?
Determine what fiscal policy measure has a more direct impact to the economy - Is it an increase in government spending or an equal decrease in taxes if consumer confidence is lower than the previous month? Explain your reasoning.
A typical university football program requires alumni to join one of several booster clubs (each club gets seats in different parts of the stadium) before the person can buy season tickets. What has this got to do with consumer surplus?
A monopolist faces the following demand curve: P = 120 - .02Q . The firms cost function is given by C = 60Q + 25; 000: Assume that the firm maximizes profits. What is the level of production, price, and total profit per week? What will be the level o..
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