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FOR LINDA 31. http //imageshack.us/photo/my-images/853/unledawis.jpg/ 32.
FOR LINDA 31. http://imageshack.us/photo/my-images/853/unledawis.jpg/ 32. http://imageshack.us/photo/my-images/638/unledwsx.jpg/ 33. Authoritative estimates suggest that currently union workers on the… read more
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1.The demand for agricultural products rises less rapidly than
1.The demand for agricultural products rises less rapidly than income. This means that the demand for agricultural products is: Answer income inelastic. income elastic. price inelastic. price elastic.… read more
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6.http //imageshack.us/photo/my-images/641/unledtib.jpg/ 7.The
6.http://imageshack.us/photo/my-images/641/unledtib.jpg/ 7.The MB curves in the above diagram slope downward because of the law of: Answer conservation of matter and energy. diminishing returns. dimin… read more
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26.The Clean Air Act of 1990 Answer places taxes on
26.The Clean Air Act of 1990: Answer places taxes on utilities emitting sulfur dioxide, the major cause of acid rain. sets aside billions of dollars to promote recycling. allows utilities to buy and s… read more
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FOR LINDA 41. Producer surplus Answer is the difference
FOR LINDA 41. Producer surplus: Answer is the difference between the maximum prices consumers are willing to pay for a product and the lower equilibrium price. rises as equilibrium price falls. is the… read more
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1.http //imageshack.us/photo/my-images/217/unledwh.jpg/ 2.http //imageshack.us/photo/my
1.http://imageshack.us/photo/my-images/217/unledwh.jpg/ 2.http://imageshack.us/photo/my-images/3/unledkle.jpg/ 3. Depletion of fish stocks through overfishing is a good example of the: Answer public g… read more
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16.http //imageshack.us/photo/my-images/202/unleddd.jpg/ 17.Suppose
16.http://imageshack.us/photo/my-images/202/unleddd.jpg/ 17.Suppose that Mick and Cher are the only two members of society and are willing to pay $10 and $8, respectively, for the 3rd unit of a public… read more
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FOR LINDA 11. Answer the next question(s) on the basis of
FOR LINDA 11. Answer the next question(s) on the basis of the following information. Assume that if the interest rate that businesses must pay to borrow funds were 20 percent, it would be unprofitable… read more
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21. http //imageshack.us/photo/my-images/263/unledfgr.jpg/ 22.
21. http://imageshack.us/photo/my-images/263/unledfgr.jpg/ 22. Producers should hire resources until the total output of each is equal. Answer True False 23. The elasticity of resource demand measures… read more
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Neo
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FOR NEO 6. http //imageshack.us/photo/my-images/97/unlednqa.jpg/ 7.
FOR NEO 6. http://imageshack.us/photo/my-images/97/unlednqa.jpg/ 7. A firm is hiring the profit-maximizing amount of an input when: Answer AVC = MC. MP = MRC. MRC = MR. MRP = MRC. 8. http://imageshack… read more
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Neo
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25. Other things equal, if the prices of a firms variable
25. Other things equal, if the prices of a firm's variable inputs were to fall: Answer one could not predict how unit costs of production would be affected. marginal cost, average variable cost, and a… read more
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11. On a per unit basis economic profit can be determined as
11. On a per unit basis economic profit can be determined as the difference between: Answer marginal revenue and product price. product price and average total cost. marginal revenue and marginal cost… read more
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21. http //imageshack.us/photo/my-images/571/unledolr.jpg/ 22Which
21. http://imageshack.us/photo/my-images/571/unledolr.jpg/ 22Which of the following would not be expected to occur in a purely competitive market in long-run equilibrium? Answer consumer and producer … read more
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6. An important similarity between a monopolistically competitive
6. An important similarity between a monopolistically competitive firm and a purely competitive firm is that: Answer both face perfectly elastic demand schedules. economic profit tends toward zero for… read more
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11.http //imageshack.us/photo/my-images/84/unledvrf.png/ 12.A
11.http://imageshack.us/photo/my-images/84/unledvrf.png/ 12.A product has utility if it: Answer takes more and more resources to produce successive units of it. violates the law of demand. satisfies c… read more
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9.http //imageshack.us/photo/my-images/37/unledufp.jpg/ 10.
9.http://imageshack.us/photo/my-images/37/unledufp.jpg/ 10. http://imageshack.us/photo/my-images/839/unledksu.jpg/ 11.If a product is in surplus supply, its price: Answer is below the equilibrium leve… read more
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Neo
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I have a set of Economic questions. I will post individually
I have a set of Economic questions. I will post individually so you get credit for each one. They are multiple choice. Help please… read more
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1)Draw a diagram where X-axis is the amt of pollution & y-axi
1)Draw a diagram where X-axis is the amt of pollution & y-axis is monetary units(FJ-$),at next draw a linear marginal benefit curve of abatement & linear marginal cost curve of abatement in the diagra… read more
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