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1 which of the following is an example of a change in the quantity demanded hint for which items is there a direct
if i spent all my money 450000 on a new house i could buy a house with 4500 square feet i settle for a 1500 square foot
the difference between a monopsonist and a monopolist is thata a monopolist and a monopsonist can both affect output
a 50-kilowatt gas turbine has in investment cost of 40000 it costs another 14000 for shipping insurance site
1 assume that for a perfectly competitive firm marginal revenue equals rising marginal cost at 100 units of output at
economic profit is the difference between a firms total revenue and itsa average costsb explicit costsc opportunity
how markets allocate resources derived demand is the change in demand due to a result initiated in another market
suppose two countries a and b with the same production function y k l 1 the value of is 030 the growth rate of
explain how the following events affect output capital and consumption per unit of labor in the long run and along the
consider solows model when the production function is y 1000k03 l07 the population growth rate is 2 01 is the
if it is easy for a firm to get into or exit from a market then a firm in that market will be able to earn positive
the characteristic that distinguishes a perfectly competitive market from a monopolistically competitive market
the terms price maker price setter and price searcher are all meant to imply the same thing which isselect onea firms
the payment to resource owners has to be equal to in order to keep the resources in their current useselect onea what
an may offer products that are either differentiated or nondifferentiatedselect onea monopolistically competitive
rivalry is special destructive to probability ifa it leads to lots of product features and hence higher costsb it leads
two variables have a correlation coefficient equal to -065 from a sample size of 10 which one of the following
find out the most recent data for bolivia that can be used to compute its new human development index nhdi make a table
suppose that annual income from a rental property is expected to start at 1350 per year and decrease at a uniform
consider the following distribution of income in a 12 person economy with the modern urban wage3 the traditional rural
if there is a new breakthrough in manufacturing technology that reduces the cost of producing dvd players by half what
during the last year the demand for books has been falling at the same time some industry observers expected that
bush lowered taxes in the 2001 recession and his tax cuts continue obama has increased government spending through his
before 1976 the airlines often denied boarding to passengers who were flying on urgent business in favour of passengers
if passengers can in effect sell their confirmed reservations when a seat shortage arises why cant passengers sell