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This assignment is designed to assess your ability to apply economic concepts to real world applications. It addresses the learning objectives from Weeks 6 &7.
Questions 1 and 2 relate to content and skills covered in Week 6 of the Weekly Study Program, Chapter 31 of Ganset al. (2012)
Question 3 relates to content and skills covered in Week 7 of the Weekly Study Program, Chapter 32 of Ganset al. (2012). Refer here to the comments given for Week 7 for assistance in answering this question.
Greetings Corporation stores, as well as the Wall Décor division, have enjoyed healthy profitability during the past 2-years. Although profit margin on prints is often thin, volume of print sales has been substantial enough to generate 15 percent of ..
At higher prices, a larger quantity will generally be supplied than at lowerprices, all other things held constant. At lower prices, a smaller quantity willgenerally be supplied than at higher prices, all other things held constant.
Discuss the advantages and disadvantages regarding salary, office setup costs, work schedules, patient payment options, and malpractice insurance,.Conclude your analysis by choosing one of the options and explaining why you've done so.
What would happen to the short-run equilibrium price and quantity of magnesium if a major (economically large) magnesium mine had to close due to environmental regulation? Assume the supply is elastic and demand is inelastic.
At a price of $24, should a perfectly competitive firm operate or shut down in a the short run if its TC is given as:
Airway Express has an evening flight from Los Angeles to New York with an average of 80 passengers and a return flight the next afternoon with an average of 50 passengers.
Using concepts we have discussed in class, discuss the effect of having a minimum wage. The minimum wage raises workers’ wage above the equilibrium wage.
Explain the changes in interest rates, inflation, and unemployment rates that your research yielded. Explain one reason for each of the changes in interest rates, inflation, and unemployment rates.
a)Explain how the marginal principle and the pollution tax work together to determine the optimal amount of pollution abatement. b)Economists say that labor demand is a derived demand. Explain the concept of derived demand.
recent tax reforms make college tuition partially tax deductible for certain families. This should motivate more people to attend college. How will this higher demand for a college education affect tuition prices how will it affect the cost of the..
1. Why do you suppose that firms in Artic nations are already developing specialized tanker ships and platforms for use in privately accessible Artic areas 2. What are possible opportunity cost of opening Artic lands to private extracti..
Marsha assigned you to head up a team to get U-Build-It into e-business within two years. With her advice and approval, you decided that U-Build-It's e-business effort would not replace the existing stores, but rather would supplement them.
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