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Eagle Properties, a real estate investment and sales firm, presents a form contract to its customer Floyd, who wants to buy a certain quarter acre of land in a proposed housing subdivision that Eagle is marketing. Eagle does not pressure Floyd to sign a contract, but offers its form on a take-it-or-leave basis. If Floyd signs the form, is it enforceable
You are the manager of an organization in America that distributes blood to hospitals in all 50 states and the District of Columbia.
Suppose the emarginal cost of producing the good in before question is aconstant $ 10 per unit of output . What quantity of output will the firm produce.
The U.S. trade deficit is currently running over $50 billion per month. Explain why this is bad for the country in the long run. Compare the view of the older GATT treaty, and more recently, the World Trade Organization, of how trade deficits sho..
Illustrate how is the magnitude of each affected if, instead of a moderate inflation, hyperinflation occurs.
If the indurtry can pay only one of the six salary levels shown, which should it choose? How many workers will it employ?
Explain how many units of the variable innpout should be used to maximize profits. What are the maximum profits this firm can earn.
Consider the Bertrand model with no product differentiated in which each firm has a positive and fixed sunk cost F and zero marginal cost. What are the equilibrium prices and profits? Illustrate your result on a proper diagram.
The price elasticity of demand for a textbook sold in the US is estimated to be -2.0, whereas price elasticity of demand for books sold in overseas markets is -3.0.
When trying to assess differences in her customers, Claire - the owner of Claire's Rose Boutique - noticed a difference in the typical demand of her female versus her male customers. In particular, she found her female customers to be more price ..
The government did nothing to stem the decline. From the point of view of economic policy, elucidate what would you think was the reason.
Government consumption in our model is simply a "waste", that is it does not affect anyone's utility or affect the production process. Use the Pareto Optimality framework. For each of them,solve the social planner's problem and show the equations ..
Elucidate why the Aggregate Supply curve becomes increasingly steeply sloped at levels of RGDP.
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