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ldquopollution is causing 100 million worth of damage to the environment and we are only spending 1 million to reduce
when people decide to buy cars they have to decide between fuel economy and other features it is argued that there is a
a company has 6800 dollars to invest which must be divided between capital expenditures and labor each unit of labor
suppose the price at which a monopolist is selling its output is 8 and the marginal revenue associated with the last
assume the price of large gulf shrimp is dollar 18 per pound and that the price of hard shell maine lobster tails is
suppose marcys medical machines operates in a perfectly competitive market and is producing its profit maximizing level
suppose australia is a capital k-abundant country and sri-lanka is a labor l-abundant country both produce labor and
diminishing marginal returns to labor meansa that each additional worker costs moreb that each additional worker
suppose at a given point in time stephanies soda fountain sells ice cream in a perfectly competitive market and is
which of the following is not an example of a barrier to entrya mighty mitchrsquos mining company owns a unique plot of
total utility is determined by a finding the additional utility gained from consuming one more unit of a product b
assume that you have the following information about an economy- population over the age of 16 2497 million-labor force
the following data represents a firm serving a transportation market total output total revenue total cost 0 0 1000 1
what happens to producer and consumer surplus when a non-price discriminating monopolist increases output above its
let the market for cigarettes be characterized by the following informationqd 70 ndash 5p demandqs 3p ndash 10
who other than the owners of rental units loses as a result of rent controls who gains form rent controls what effect
1 the slope of a countrys production possibility frontier with cloth measured on the horizontal and food measured on
suppose you hired janet a real-estate agent to help sell your house at the best possible price as compensation janet
use the following equations for supply and demand to solve for the market equilibrium price and quantity and produce a
the elasticity of demand for a firmrsquos product is -3 and its advertising elasticity of demand is 015a determine the
which of the following is not an explanation for stagflationa stabilization policies and fed intervention created an
you are the manager of a monopolistically competitive firm the inverse demand curve you face is p 50 ndash 4q your
suppose there are 100 firms in a perfectly competitive industry each firm has a u-shaped long-run average cost curve