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with free international trade the world price of a t-shirt is 5 and the united states imports 40 million t-shirts a
someone says pollution should be reduced until the marginal social benefit of further reduction is zero explain why an
1 economies of scale are one of the most powerful forces in economicsnbspanswer the following questions related to this
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what are the characteristics of a tragedy of the commons can the emission of greenhouse gases causing global warming be
what does mfc lt mrp mean and that this mean that the firm in a competitive market will either hire more workers or
if a donut shop earned 30000 in total revenues per month with explicit costs of 15000 and an opportunity costs of 9000
if a bank advertises 9 percent annual interest rate on a one-year certificate of deposit and you anticipate the rate of
how can there be any economic gains for a country from both importing and exporting the same
consider a version of the tragedy of the commons in which herder 1 and 2 simultaneously choose to graze quantities of
rosie is an entrepreneur who is considering starting her own business she currently works as a beautician with an
a monopoly faces a demand curve given by qp p-e the firm has constant average and marginal cost ca how do you show
joe owns a small coffee shop and his production function is q k12l12 where q is total output in cups per hour k is the
the production function of producing computer software diskettes q is qlk12 the input k is fixed at 100 the price of k
conigan box company produces cardboard boxes the market is highly competitive with boxes currently selling for 10 per
eloise pays 40 for a daily pass to the ice skating centre when inside the cenntre eloise considers how many hours of
karl is a builder and is required to cut the timber for a house project with a chainsaw for 50 hours he owns an old
assume that the pizza market at duluth is a perfectly competitive market which means there are many suppliers and all
joe owns a small coffee shop and his production function is q 3k12l12 where q is total output in cups per hour k is
table 1 three categories of mankiws 10 principleshow people make decisionshow people interacthow the economy works as a
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do you think aggregate supply and aggregate demand are accurate representations of performance or do you think there is
topic the wealth of nationsthink of the last two major things you bought why did you buy them what were your
problemwhile price discrimination can seem unfair it can be a good thing in some cases there are many cases of price
problem suppose one in every four new personal computers is defective the defective ones however cannot be identified