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suppose the demand for a product is q 1200 ndash 4p supply is q -240 2p say marginal external damage is 12 per unit
many manufacturers of clothing and other consumer goods open stores in outlet malls where they charge much lower prices
suppose the monopolistically competitive barber shop industry in a community is in long-run equilibrium and that the
a monopoly firm faces a demand curve given by the following equation p 500 minus 10q where q equals quantity sold per
given the following utility function u2x1x23x123 x2 1 find the marginal utility for x1 and x2 do not simplify the
suppose that hospital arsquos output is measured by numbers of admissions and the market price for hospital admissions
retailers need to define their target markets and then decide how they will differentiate themselves from competitors
andy and bobbi each have a job that pays 100000 per year andy has a 5 chance of contracting an illness that would allow
which of the following statements is true the grouping of customers into categories based on key characteristics is
locate current data for gdp for the us go to the bureau of economic analysis web site click on interactive data tables
suppose the marginal costs of pollution reduction are unknown and the government is choosing between regulating the
a polluting steel mill in a perfectly competitive market will produce too much steel and pollution draw a graph to
the economist magazine uses the price of a big mac to determine whether a currency is under-valued or overvalues in
describe some important incident historical figure cultural value or movement woodard mentions which you knew nothing
1 identify the four basic inputs to an economic system2 what is an entrepreneur3 what is an alternative term for
the demand price for a monopolistic firmrsquos product is a function of quantity q and quality s psq sa ndash bq
assume that equilibrium gdp is 14 trillion amp that potential real gdp is 16 trillion also assume that c 900 08yd
suppose that the company that owns all of the vending machines on your campus has doubled the price of a can of soda
1money demand a consider the money demand curve in figure 1 where zreal balances the real value of buyersrsquo money
as an analyst at the treasury department you have been asked to predict the behavior of key macroeconomic variables for
the european union eu and united states us demand and supply equations for corn are qdeu 70 ndash 12 peu qseu 15 peu
suppose gdp is 8 trillion taxes are 15 trillion private saving is 05 trillion and public saving is 02 trillion assume
a competitive firm has the production function q flk radl2radk for which mpl 12radl and mpk 1radka find the firms
discuss and explain the following questions using knowledge about the dynamics of aggregate demand and aggregate supply
in a healthy innovative company leadership supports innovation do you agree or disagree are there variations across