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1 explain why it makes sense for a company not to produce more units than the quantity for which marginal cost is equal
1 the elasticity of demand for home computers is -25 the elasticity of demand for business computers is -90 and the
refer to newspapers or the internet and collect information about a recent situation of unrest such as a war or a
a purely competitive firm finds that the market price for its product is 3000 it has a fixed cost of 10000 and a
econ essaythe essay portion of the final exam will be to analyze one of the current hottest topics in this years
gomez runs a small pottery firm he hires one helper at 10000 per year pays annual rent of 4000 for his shop and spends
1 what is the difference between a change in relative price and a change in general price give an example of each to
suppose a market has the demand function q d20-shy-05p using the midpoint method what is the price
there are 300 purely competitive farms in the local dairy market of the 300 dairy farms 298 have a cost structure that
a firm in a purely competitive industry is currently producing 1200 units per day at a total cost of 500 if the firm
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nbspwhy would cash transfers typically be preferred by recipients over in-kind transfers what are the pros and cons of
a purely competitive firm finds that the market price for its product is 2500 it has a fixed cost of 10000 and a
imagine you have some workers and some handheld computers that you can use to take inventory at a warehouse there are
question 1 the theory can get pretty complex but the basic points stay the same so lets look at it in its simplest
is the demand for ammunition elastic inelastic or unit elastic what determinants of elasticity do you think apply what
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one issue facing an employer is that they have to make their employees work there are various ways to try to make this
not every economist is happy with the neo-classical theory of wage determination for example moshe adler in economics
suppose a consumers preference are represented by the utility functionux y min 2x yalso suppose the consumer has 180
suppose a public referendum is being held on whether or not to levy a tax on cigarettes currently the supply of
suppose that two players are playing the following game player 1 can choose either top or bottom and player 2 can
answer all the questions given below-1 discuss the following questions relative to compilersnbspa which phase of a
suppose there are two firms in a market who each simultaneously choose a quantity firm 1s quantity is q1 and firm 2s