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Question Subject Due Date No. of Tutorials Closed Price
Suppose that you have been hired as an economic consultant
Suppose that you have been hired as an economic consultant by OPEC and given the following schedule showing the world demand and supply for oil.Price ($/barrel)Quantity Demanded(millions of barrels/da …
Economics / Microeconomics 2017-06-07 1 Yes $10.00
Aggregrate expenditures equal $4500 and GDP
Aggregrate expenditures equal $4500 and GDP is equal to$3,840. If MPC equals .80 by how much would planned investment need to increase by and by how much would taxes need to decrease by to return the …
Economics / Microeconomics 2017-06-07 1 Yes $5.00
Eco 2023 Micro - the Q produced by the unregulated
Eco 2023: Micro Homework #12 Paige 1. Identify by letter each of the following: (30 pts) a. the Q produced by the unregulated monopoly. Point A …
Economics / Microeconomics 2017-06-07 1 Yes $14.00
What is comparative advantage and how does it affect
1. What is comparative advantage and how does it affect a nation's expoarts and imports?2. Explain what the terms of trade are in international trade.3. What is the exchange rate in international trad …
Economics / Microeconomics 2017-06-07 1 Yes $10.00
ECON 1011 - Suppose a person’s opportunity cost
Suppose a person’s opportunity cost of cheese production is 1 gal of wine. If the terms of trade in the market is 2 gal per lb of cheese,should this person produce more or less cheese? Explain. …
Economics / Microeconomics 2017-06-07 1 Yes $4.00
What are the principles that lawmakers should follow
1. What are the principles that lawmakers should follow in setting up taxes? 2. Explain the three types of tax structure with respect to income. 3. Which of the three types of tax structure is most fa …
Economics / Microeconomics 2017-06-07 1 Yes $10.00
ECON 2 - The marginal revenue of a monopolist
1. The marginal revenue of a monopolist: Is equal to the cost of the last item sold. Is equal to the price of the last item sold. Is positive as long as output is increasing. None of the above.2. Supp …
Economics / Microeconomics 2017-06-07 1 Yes $20.00
ECON 2 - There are two firms, Cope and Peski
There are two firms, Cope and Peski, in an oligopolistic industry. Each firm must decide whether or not to advertise during the Super Bowl this year. The diagram below represents the matrix of expecte …
Economics / Microeconomics 2017-06-07 1 Yes $7.00
ECON 101 - Three types of market failure
The course textbook lists three types of market failure: public goods, externalities and common resources. Imagine a coal power plant in North Dakota that emits harmful smoke during the power producti …
Economics / Microeconomics 2017-06-07 1 Yes $7.00
How is marginal revenue product for labor found
1. How is marginal revenue product for labor found and is there a simplier and easier method to find it other than the formula given on page 230?2. What factors can cause changes in the demand for lab …
Economics / Microeconomics 2017-06-07 1 Yes $10.00
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