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Economics - April 2007

[Selected]: All categories Social Science Economics

Given a demand function: P = 20- 2q and
total cost: TC = 98 + 1q2; determine the normal profit price.

2007-04-02 06:10:33 · 2 answers · asked by Toot 3

Doing a research paper on recent gas price increases. Need a site that explains the above. US prices are about 1/2 the rest of the major industrialized nations, including oil producing nations.

2007-04-02 05:59:29 · 6 answers · asked by Anonymous

The paper was written in 1997 or 1998 (and I think it was possibly discussed at the Tinbergen lecture in Holland)

2007-04-02 03:54:55 · 2 answers · asked by Bob H 1

2007-04-02 03:23:53 · 4 answers · asked by fradykat 2

2007-04-02 02:15:03 · 4 answers · asked by sweetcandy 1

2007-04-02 01:22:57 · 3 answers · asked by Anonymous

The dollar is losing value. Prices must rise, to compensate. Why don't Americans get it? The government is stealing from them by printing too many greenbacks, yet BUSINESS gets criticized for "raising prices."

Why are people so dumb, and blame the business for the government's dishonesty and incompetence?

SERIOUS ANSWERS ONLY: $100 FINE FOR VIOLATIONS

2007-04-01 12:19:17 · 3 answers · asked by Anonymous

the federal government from imposing any
trade barriers, such as tariffs and quotas, except in
case of war or national emergency? Why or why not?

2007-04-01 08:41:16 · 5 answers · asked by styles4u 4

In the same time, Frank can paint either three walls or two window frames. To minimize the time spent painting, who should specialize in painting walls, and who should specialize in painting window frames?

2007-04-01 08:33:23 · 4 answers · asked by styles4u 4

From what I see it seems many people do not actually own that car they drive. Or that house. Or that TV. Or their shoes. Etc.
IF you charge it, you don't own it. It is technically the banks.
So, considering the average personal debt of $18 000 for an American, can we say they live in a "wealthy" nation? It's only wealthy for a few it seems.

2007-04-01 03:32:50 · 9 answers · asked by Anonymous

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