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Write a 700- to 1,050-word paper evaluating economists' assessments of the role the 4 factors of production played in determining how the economic concentration you selected has evolved. Complete the following in your paper:
Question 1: Analyze how the economic concentration in the area you chose was influenced by competition and pricing.
Question 2: Analyze how the economic concentration in the area you chose influenced the supply chain.
Question 3: Analyze which of the 4 factors of production were the most and least important in determining the economic concentration of the area you chose.
Question 4: Predict changes you anticipate for the area of economic concentration you chose. Support your predictions.
Choose two countries one with a high GDP per capita and one with a low GDP per capita. Then choose one of the development indicators we discussed in class and find data on the internet describing the GDP per capita and the indicator you choose.
Suppose that you hire workers to address and stamp envelopes. Each worker earns $5 per hour and produces 50 addressed, stamped envelopes per hour. You have unlimited free office space and can therefore add as many workers as you want with no fall-..
What lead to the structural change in the British economy from agricultural sector to the manufacturing sector in the 18th century?
Suppose a monopolistic competitor in long-run equilibrium has a constant marginal cost of $6 and faces the demand curve given in the following table:
In a traditional monopoly, all or most sales are in a market are undertaken one company. In a natural monopoly, the cost-technology of an industry where is is most cost efficient to be run by one company and a good example of this would be public ..
In most developing countries, there are long lines of taxis at airports, and these taxis often wait two or three hours. Illustrate what does this tell you about the price in the market. Carefully Explain with supply and demand analysis.
If the economy is a point C, what is the cost of one more automobile and one more forklift?
Illustrate what is the
a. List the sources that you might use to access and review information on current and emerging industry developments for your profession.
Which county has an absolute advantage in the production of fruit? Timber?
You invest R2400 annually (at the end of each year) for successive years in a savings account at 15% p.a. (interest is compounded per year). At the end of the fifth year you withdraw R6181.72 and the balance is invested at 10% p.a. for 5 years. What ..
Commmon and preferred stock issuances and dividends. Permabilt Corporation was incorporated on January 1, 2003, and issued the following stock, for cash:
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