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Question: How did the "ordinal revolution" change economics? Please show steps how you get an answer and please be clear in your explanation.
Basic Economics, Economics
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Question: Calculate alternative measures of industry structure, conduct, and performance, and discuss their limitations. Please show steps how you get an answer and please be clear in your explanation.
Question: Congratulations on taking this course during an election year! As you may hear in the debates and town hall meetings, the candidates often differ on the state of the economy. What are two macroeconomic indicato ...
Question: In the short run, there are currently 180 perfectly competitive firms producing output q. The demand in this market is Qd=1500-20P. The cost function of each firm is C(q)= 20+3q^2. Compute the equilibrium profi ...
Question: Define the term econometrics as used in economics. Please show steps how you get an answer and please be clear in your explanation.
Question: Suppose that the market for alcohol in a large metropolitan area, the local government is concerned about the number of DUI's and has decided to impose a sin tax on alcohol sales. If demand in this market is in ...
Problem: Suppose a price floor of $30 is imposed by government in a competitive market where demand and supply are given by Q d = 100 - 2P and Q s = 5 + 3P. Calculate the resulting Q d , Q s and the market surplus. Wh ...
Question: What actually happens to marginal cost when average cost increases? Be sure to support your response with specifics.
(a) Explain two circumstances under which dilution of earnings might be acceptable to the shareholders of one of the companies in a take-over deal. (b) What are the advantages and disadvantages of a rights issue from the ...
Question: Developing countries can increase productivity growth more easily than industrial countries. Does this imply that they will eventually be able to achieve the same living standards as industrial countries? Why o ...
Question: Brenda's Bar and Grill has total assets of $11.0 million, of which $4.0 million are current assets. Cash makes up 10 percent of the current assets and accounts receivable makes up another 40 percent of current ...
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