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a) what is the effect on the economic profits of a firm who is currently enjoying short run economic profit operating in the perfect competitive
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Business is booming at a local fast food restaurant. It is contemplating adding a new grill and french fry machine, but the day supervisor suggests...
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One of the leading treadmill manufacturers has estimated the following demand equation using data from 66 stores around the country: Q = + 250 - 4 P...
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A local supermarket lowers the price of its T-bone steak from $6.lb to $5.00/lb.Sales increase by 15 percent.The store manager notices that chicken...
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Geographically my ecosystem is limited to the City of Toronto. In greater detail, the following topographic accidents mark said limit:
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34. Which of the following describes a situation in which every good or service is produced up to the point where the last unit provides a marginal
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Gaia Theory would be easiest to describe to people.
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The first step in solving a problem is recognizing that there is a problem.
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For the years 1993 - 2015, get on the Web and look up the actual end of year figures and exhibit them in a table for the following economic...
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The following table illustrates the points a student can earn on examinations in economica and biology if the student uses all available hours for...
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Please answer the following:Define price discrimination 2.Define first, second and third price discriminations.
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Which of the following is NOT recognized as a factor or resource of production by the author of your textbook, even though it is seen as such by most...
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te an APA Paper on the following topic and please read the Notes and Guides below so as to avoid corrections What is the concept of supply and demand?...
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1 Water Supply on Heterogeneous Land Suppose there are two farmers: Farmer 1 and Farmer 2. Both farmers possess a piece of land on which they can...
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Use the seasonally adjusted CPI for August 2010 and August 2011 to calculate the 12-month rate of inflation (in percent). The formula is:
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8- Which of these is not a reason we might want to measure the size of the economy?
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The accompanying table gives part of the supply schedule for personal computers in the United States.
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Any point outside the production possibilities curve illustrates:
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Suppose the money supply is $10,000. Banks hold no excess reserves and individuals hold no currency. The reserve requirement is 0. The Fed aims to...
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Which one of the following is NOT one of the functions of money?
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In2003, China's control of the value of the yuan became an economic and political issue for the U.because: decreased U. exports to China. increased...
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Wages are a price as well but they are treated differently then other prices. Engage in the following conversation; Is there a right wage?
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As a manager of a firm you find the marginal cost of the firm to be $10 and the fixed cost $100.
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Suppose you are eating buffalo wings at a local happy hour. The total utils from doing so after the fourth, fifth, sixth, and seventh wings are 80,...
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Advanced Microeconomics, Game Theory. Stephen J. Seagull must decide whether or not to start a new movie project. If he decides not to, he and Clod...
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True/False/Uncertain Questions The distinction between policy implications of human capital and signalling models arises because while schooling
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The Cobb-Douglas function for a new product is given by Y(L,K) =3L 0.2 K 0.
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Assume a demand equation P=110-Q and a supply equation of P=10+Q. If a price control of $40 was to be imposed, would it be a price floor or a ceiling?...
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. Why hasthe cost of higher education in the U.S. continuously been increasing in recent years?
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The following data is sourced from Statistical Digest, 200 and International Financial Statistics, 2009.
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Consider a market with the market demand D: P = 80 - Q, which is served by four Cournot oligopolistic producers (firms) with the constant marginal...
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During the period of the "Great Moderation" (the mid-1980s through the mid-2000s), discussion ofthe Keynesian expenditure multiplier had largely gone...
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You are the manager of a small pharmaceutical company that received a patent on a new drug three years ago.
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How is the market for ice cream affected by an increase in the price of frozen yogurt?
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Please answer and explain these questions for me about economics and monopoly situations, i am very confused about them Discussion Set on Monopoly 1....
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Assume there is a decrease in U.S. interest rates relative to that of Britain. (a.) Would this event cause the demand for the dollar to increase or
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Suppose that the price level in Australia is expected to rise by 7% in 2016. (1 mark for each) Why do some economists claim that we should not worry
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Assume the following values for probability of default t+1 t+2 t+3 t+4 t+5 A 0.3 B 0 0 0 0.5 Assume a 5 year, 10%, $1000 face value bond is bought at...
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The Blair Company's three assembly plants are located in California, Georgia and New Jersey.
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(a) Obtain data for the consumer price index (CPI) and the GDP deflator (use the chain-type price index for GDP) for the following years: 1972...
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” Consider how the economy has performed throughout your life. Identify a time you believed the economy was in a peak or a trough. When was the economy expanding? When was it contracting? Describe t
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3 Markets and government intervention Total demand for U.S. wheat (FYI: quantity is in millions of bushels and price in dollars) is DT (P) = 3000
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Why might a business owner keep their business open but let it deteriorate, rather than shut it down? Will this profitability last?
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Hi can someone help me work out this problem?
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I am having issues with the midpoint formula and am looking for someone to walk me through some examples of how to use this formula.
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Write a one-page position in favor of the policy. Write a one-page position against the policy. Write a one-page response to the argument in favor of...
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Question 26 of 26 25.0 Points Short Answer Question - 25 points (This response will be graded by your instructor in addition to the previous quiz
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At a recent company meeting, Geraldine Erwin, sales manager of Dastoria, a flavored beverage producer announced, "We have increased our sales by 8...
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some economists maintain that the returns to additional years of education is actually quite small but that there is a substantial "sheepskin" effect...
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BUS640 Managerial EconomicsDiscussion 1Two partners own together a small landscaping business in North Carolina, called Summer Lawn Care. They have been specializing in summer grass seeding, installat
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