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Why is it that firms can earn profits in the long run in monopoly and oligopoly but not in monopolistic competition and perfect competition?
Describe three problems of using fiscal policy to achieve a precise level of GDP and why is frictional unemployment inevitable in an economy characterised by imperfect job information and non-zero job-search time?
To improve crack detection in aircrafts, U.S. Air Force combined ultrasonic inspection procedures with laser heating to identify fatigue cracks. Early detection of cracks may decrease repair costs by as much as $200,000 per year.
Beasley World Industries has a division that makes air conditioners. They face a three-year deadline to eliminate their current technology due to the chilling technique they use. There is a near-term solution that may be done (1) and a longer-te..
In the Ricardian model, everyone seems to benefit from trade. However, the Heckscher-Ohlin model seems to show that some lose from trade as well. Who are the losers in the HO model and how do they not benefit from trade
Identify trends or other patterns in inflation within the an economy of your choice over the last five years using quarterly data from the Central Bank or other Government based Statistical agency websites as a source.
Evaluate the following statement: "I am a manager in a governmental agency. I have no control over compensation policy. All workers are paid the same salary (everyone is paid according to a set schedule and their remuneration cannot be adjusted by..
Identify some factors that led to change in supply or demand within article and explain what occurred to change the demand for, or supply of, the good or service, and market values of thos products or services.
Elucidate the adjustment that will take place in the catfish farming industry in Louisiana that will result from the implementation of the pollution fee. Use diagrams with "U" shaped cost curves.
If the former, when and where was the latest ministerial meeting. If the latter, Elucidate the main features of the agreement.
In response to climate change concerns, the government can either invest in mitigation or adaptation or do nothing. Mitigation reduces the flow of carbon into the atmosphere, thereby changing the probability distribution of future climate states. ..
Consider the market for electricity. Suppose demand (in megawatt hours) is given by Q=50-p and that the marginal private cost of generating electricity is $10 per megawatt hour (p is the same units). Suppose further that smoke is generated in the ..
Grocery stores and gas stations in large cities would appear to be examples of near-perfectly competitive markets because there are numerous small sellers, each seller is a price taker, and the products are quite similar. Do you agree with this st..
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