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why model something that does not exist the purely competitive firm does not exist in the real world anymore having
what can the late george steinbrenner and the new york yankees teach us about economies and diseconomies of scale from
in the law of diminishing returns we see increasing returns at the start of production production then exhibits
a monopolists demand function is p 1624 - 4q and its total cost function is tc 22000 24q -4q2 13 q3 where q is
you just won a contest and have been appointed city of new york tax commissioner you might be asking why did i enter
two countries x and y satisfy the solow model with alpha 13 and productivity a1 in country x investment is 54 of gdp
baseball players and movie stars get paid millions of dollars to hit baseballs and act respectively we want our kids to
the returns to education are 134 per year for the first four years of schooling grades 1- 4 101 per year for the next
in a country 13 of all females born die in infancy 13 die at age 23 and 13 live to age 65 women bear one child at age
considering the supply and demand for oatmeal what would happen to the supply and demand curves in these
suppose you loan 5000 to a friend to help him start a new restaurant business your friend signs a promissory note at a
suppose that in a particular country gdp per capita was 10000 in 1960 and 40000 in 2008 using the rule of 72 not a
the cost of a 110hp generator today is 155000 the cost of a 65hp generator 6 years ago was 56000 the generator
the expected value is a the product of the sums of the probability and the values in different states b the sum of the
suppose that people expect inflation to equal 3 percent but in fact prices rise by 5 percent describe how this
the implication of the prisonersrsquo dilemma for a long-run strategy is for firms to a both b and c b figure a way to
in classical macroeconomic theory the concept of monetary neutrality means that changes in the money supply do not
suppose that this yearrsquos money supply is 500 billion nominal gdp is 10 trillion and real gdp is 5 trilliona what is
assume that gdp y in a closed economy is 6000 consumption c is given by the equation c 600 06y ndash t investment i
professor fiorina argues that checks and balances cause gridlock in the us political system however one of the goals of
which of the following are true of a barter economy check all that applythe transaction costs of exchanges are lower in
what are the key assumptions of the lewis model that give rise to its conclusions how would the theoryrsquos
if the bidders at a first-price auction have true values of 8 7 6 and 5 the item will sell for a just under 7nbspnbsp b
a very popular sales technique at pizza establishments is ldquobuy two large pizzas and get a third large pizza free
when it is costly or impossible to exclude someone who hasnt paid to use a particular good from using it then that good