Ideas of consumer surplus and produces surplus
Use the ideas of consumer surplus and produces surplus to explain why economists say competitive markets are efficient. Why are below-or above equilibrium levels of output levels inefficient, according to the two sets of ideas?
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If a regulator sets the price equal to the natural monopolist's marginal cost,
Discuss how this increase in ownership affects the accounting for and reporting upon the investment in Broome. Include in your discussion adjustments, if any, to the amount shown prior to the increase in investment to bring the amount into conform
Go Blue products, a rapidly growing distribution of home gardening equipment, is formulating its plans for 2013. Daniel Goldschlager, the firms marketing director, has completed the following sales forecast.
explain under what conditions zero would be the equilibrium quantity? if a market is in equilibrium is ti neccesarily true that all buyers and all sellers are satisfied with the market price? explain.
Compute the price elasticity of demand for distilled spirits at a prices of $60, $55, $50, ..., $30 per gallon. Do high-price states have larger or smaller demand elasticities for distilled spirits?
What is the ideal relationship between knowledge of costs and knowledge of revenues for a firm? In your response, explain and justify your conclusions and provide examples to support such conclusions.
Prepare in general journal form all entries necessary on the consolidated statements workpapers to eliminate the effects of the intercompany sales for both 2011 and 2012.
Internal controls procedures are required to safeguard the company assets and to ensure ethical operations of the business.
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