Draw and explain the continuum of precariousness that we
Draw and explain the continuum of precariousness that we developed in class. Explain why this diagram may only apply to certain people. What would the continuum look like for a different group of people?
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suppose the monopolistically competitive barber shop industry in a community is in long-run equilibrium and that the
many manufacturers of clothing and other consumer goods open stores in outlet malls where they charge much lower prices
suppose the demand for a product is q 1200 ndash 4p supply is q -240 2p say marginal external damage is 12 per unit
you plan to purchase a car for 28000 its market value will decrease by 20 per year you have determined that the
draw and explain the continuum of precariousness that we developed in class explain why this diagram may only apply to
billrsquos demand for hamburgers a private good is q 21 ndash 6p and tedrsquos demand is q 6 -3p a write an equation
say 20 people each have demand q 20 ndash p for street lights and 5 people have the demand q 18 ndash 2p for street
a university has determined that its students fall into two categories when it comes to room and board demand
how can a monopolistic competitor tell whether the price it is charging will cause the firm to earn profits or
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