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Why do we need microeconomics?
What makes Perfect competitive firm efficient market?
Explain the elasticity of demand and taxes.
Explain increase demand and increase in quantity demanded.
What makes pure monopoly an inefficient market
Sole proprietorship and the market
Corporation and the market
Oligopoly and the market
What makes a Monopolistic competition different from pure competitive firm
How can you make an economic profit in business?
Discuss the various ways governments can handle externalities, such as noise from a local airport or a barking dog or building of commercial office space or an industrial building in a residential area? How does the assignment of property rights a..
In equilibrium, the firms set identical quantities: Q1 = Q2. Find the firms' equilibrium quantities, prices, and profits. c. Compare the firms' profits under quantity competition and price competition. Provide an intuitive explanation for why pric..
What do Tom's indifference curves relating Hamburgers (horizontal axis) to Hot-dogs (vertical axis) look like Graph and explain the shape of your indifference curves. Do these indifference curve imply that Tom will only eat hamburgers
A firm located in a small town in East Coast relocates to West Coast. Workers in that town cannot sell their homes to move with the firm. The resulting unemployment is called:
Elucidate are the characteristics of the market for lemons.
If the marginal product of capital net of depreciation equals 10 percent and the rate of population growth equals 2 percent what must be the rate of technological progress for the economy to be at the Golden Rule steady state?
What is meant by the term "utility" and how does the idea relate to purposeful behavior?
Describe a sequential game facing your firm, and represent it in extensive or tree form. Compute and analyze the equilibrium of the game.
a. Derive contingent factor demand L*(w,r,Q), K*(w,r,Q). b. Derive (dk(w,r,Q))/dw, (dk(w,r,Q))/dr, (dk(w,r,Q))/dQ, c.Classify the returns to scale of this production function. d. Derive the cost function c(w,r,q) by plugging your factor demands from ..
What is the opportunity cost of investing in capital? Do you think a country can "over invest" in capital?
Labour is the exercise of human, physical and mental effort directed to the production of goods and services. Describe how the age structure is a detriment to labor supply and effectivity.
Write a paragraph of your response to the following two questions. Is the rising inequality good for the economy? Are the welfare programs beneficial for the US?
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