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Which characteristic would best be associated with pure competition and is a reason why economists suggest pure competition makes society better off?
few sellers
price taker
nonprice competition
market power
Business Economics, Economics
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Why does a government undertakes expansionary fiscal policy? What are the problems of undertaking expansionary fiscal policy? When is fiscal policy more appropriate than monetary policy?
Americans purchase a lot of coffee grown in Brazil and elsewhere in Latin America. It would seem that in order to avoid the huge transportation costs of bringing coffee here and to provide jobs for Americans, we should g ...
Suppose that a firm had a production function given by: q=2L0.5K0.5. The rental rate for the firm is $10 and the wage is $5. Solve the optimization condition for K and then fill in the value that appears in front of L. K ...
You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. A random sample of 44 gas grills has a mean price of ...
Suppose that the demand curve for tickets to see a football team play a game is given by Q = 80,000 - 40P and marginal cost is zero. The team's stadium can host 75,000 fans. 1) How many tickets would the team sell if it ...
What are three ways that even every forecast model should be evaluated to obtain the best forecast result.
Suppose that a certain precinct contains 350 voters, of which 250 are Democrats and 100 are republicans. If 30 voters are chosen at random from the precinct, what is the probability that exactly 18 democrats will be sele ...
In a study of children with a particular disorder, parents were asked to rate their child on a variety of items related to how well their child performs different tasks. One item was "Has difficulty organizing work," rat ...
Carefully explain how the price elasticity of demand affect the revenue or profit of an organization?
Suppose that a firm had a production function given by: q=2L 0.4 K 0.8 . The rental rate for the firm is $20 and the wage is $15 . Solve the optimization condition for K and then fill in the value that appears in fr ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
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