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Why is Brazil doing bad economically? What could help develop it?
Suppose that a firm"s production function is q = 9X1/2 in the short run, where there are fixed costs of $1000, and x is the variable input whose cost is $4000per unit. What is the total cost of producing a level of output q? In other words, identify ..
What happens to consumer and producer surplus when the sale of a good is taxed? How does the change in consumer and producer surplus compare to the tax revenue?
Set up the consumer's utility maximization problem for prices pi, p2 and income m and how can this person be better off than by consuming the bundle
exchange economy 1. suppose that in a simple two-good exchange economy the two individuals a and b have the following
A proposal in the government budget set forth in 2013 placed a limit on the total amount of savings that can be accumulated in tax-preferred retirement accounts to about $ 3 million (U.S. News and World Report, April 10, 2013). The White House has ar..
In Central Texas College ECON 2301 , how do you calculate the final cumulative impact on spending?
1. when a firm is no longer able to reduce its long run average cost by expanding it has achieved its minimum
Suppose labor costs are 17.5 percent of revenue per vehicle for General Motors. In union negotiations during the late 1990s, GM attempted to cut its workforce to rise productivity.
Are the externalities associated with public goods generally positive or negative? Use examples in your answer. Is the free-market quantity of public goods generally greater or less than the efficient quantity?
monopoly1.a monopolistic firm has the short-run marginal cost functionmc 20 4qwhere k capital is fixed and l laboris
assume you are a manager of a large multinational enterprise mne from an industry of your own choosing. you have been
You've entered into contract to purchase a new house, and the closing is scheduled for next week. It's typical for some last minute bargaining to occur at the closing table, where sellers often try to tack on extra fees. You have three options ..
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