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1 the costs of production do not includea wagesb the opportunity costs forgone by producing a given productc costs of
1 define what the federal reserve bank is how is it managed who runs the fed and what role does it place in the
although there is relatively little difference in the cost of producing hardcover and paperback books these books sell
homothetic preferences the preferences represented by gt are homothetic if for any two bundles x and y such that x gt y
a municipality wants to sell 30 year bonds to pay for a new wwtp investors want a market rate of return on their money
is the existence of higher fees in areas with a larger physicianpatient ratio sufficient evidence to support the
suppose alcohol generates a negative externality in consumption if so then1 the marginal social benefit of alcohol is
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in the short run competition sometimes leads to inefficiency in the operation of our economic system many people argue
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the change in benefits that arises from a one-unit change in quantity is the marginal net benefits marginal benefits
more than 840 million people in the world suffer from chronic hunger and malnutrition approximately 800 million of
for given input prices less expensive bundles of inputs are associated witha isocosts farther from the orginb isocosts
how does the government assure the public that 1 banks are operating with safety and soundness 2 that their deposits
a suppose the economy is initially in long-run equilibrium and the us stock market has a prolonged decrease in
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as markets for some products and services experience greater global competition what is the likely consequence for the
a bar offers female patrons a lower price for a drink than male patrons the bar will maximize profits by selling a
at its current short-run level of production a firms average variable costs equal 15 per unit and its average fixed
monopolistic competition is similar to perfect competition becausea both industry structures have a single sellerb in
lady wellesleigh makes silk purses out of sowsrsquo ears she is the only person in the world who knows how to do so it
the external marginal cost of producing coal is mc external 8q while the internal marginal cost is mc internal 6q the
which of the following activities is not a primary concern of investment banksa providing advice and financing for
a local video store estimates their average customers demand per year is q 7 - 2p and knows the marginal cost of each