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consider the optimal choice problem of labor and recreation suppose a consumer works the first 8 hours of the day at a
sammy has a drone that he values at 1500 frank values the same drone at 1000 the government offers a subsidy of 800 to
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a population is composed of four groups of equal size called quartiles the bottom quartile owns 5 of total wealth the
provide two specific real-world examples of gdp limitations given the limitations of gdp is gdp a reliable indicator of
explain the difference between price and the price level how is the price level measured what do economists mean by the
what is an economic indicator how are economic indicators used discuss an economic indicator that would be useful in
bull define the term opportunity cost and include an example based on your real-world experiencesbull discuss the
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define rational economic behavior discuss tanstaafl and the clicheacute if something is worth doing it is worth doing
a security system companyrsquos total production costs depend on the number of systems produced according to the
1-proponents of a government-run health care system argue that the market does not work well in the medical care
an xperimental composite engineblock for an automobile will trim 20 pounds of weight compared with a traditional cast
a firm produces output of chips y using a cost function cy which exhibits increasing marginal costsof the chips it
the island of yoko has 300 residents who can work in only one of two economic activities ndash fishing or tourism last
please type the answer no photos of answer or hand written answers identify and describe the four stages in the process
advanced analysis given the following za 30 - 4x zb 20 - 5y where z is marginal utility per dollar spent x is the
all of the following are true regarding perfectly competitive price determination except select onea the individual
the market demand curve in perfect competition is found bya horizontally summing the demand curves of the individual
1 which of the following is not a characteristic of a perfectly competitive marketa it is difficult for a firm to enter
1 a perfectly competitive industrys market price is found by select onea locating the intersection of the market demand
at a time when demand for ready-to-eat cereal was stagnant a spokesperson for the cereal maker kelloggrsquos was quoted
the marginal revenue curve of a perfectly competitive firma is also the demand curve faced by the firmb intersects the
learning activity when in malaysia wb milestone inc a manufacturer of sophisticated computer parts recently moved the
assume that the train ticket price is 100 and 1000 passengers use train per day 2000 passengers use buses and 5000