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Interest in Heterodox economics is increasing. What events have taken place to bring more attention to heterodox perspectives? Explain, in particular, the alleged shortcomings of neoclassical economics in relation to these recent economic events.
Suppose Nation A can produce 2 million pounds of sugar per week OR 1 million pounds of rice in a week and Nation B can produce 10 million pounds of sugar per week OR 3 million pounds of rice in a week.
What are the Pros and what are the Cons and what are the recommendations of a Local Area Network?
Could you increase profits through price discrimination? If so, what type of price discrimination should you use?
A) What is the level of output that maximizes profits, if any? Compute profit, if any? B) Should this firm continue producing if MR falls to $10? Explain.
Explain intuitively why indifference curves as defined, cannot cross. Further, why would an allocation where an indifference curve intersects the budget
A fleet manager must choose between two trucks to purchase for a company's fleet. The company will keep either truck for 5 years. Truck A costs $28,000 and has a market value of $16,000 after 5 years. Truck B costs $34,000 and has a market value of $..
What are some other examples of discrete data besides grades or blood type?
Aggregate demand for hospital visits in the US is given by Q = 10,000,000 - 100P. The supply of hospital visits is perfectly elastic, with a market price
Assume an economy without government and without trade. Suppose the Consumption function is given by C=100+0.8Y, whereas I=50. What is the equilibrium level of income in this case? What is the level of saving in equilibrium?
Considers a monopolist with the following demand curve: P=1000-10Q. The monopolist faces MC=AC=100. Solve for the profit-maximizing level of monopoly output, price, and profits. Suppose a potential entrant is considering entering, but the monopolist ..
When evaluating a current company, please help explain the following decisions process
Bavarian Crystal Works designs and produces lead crystal wine decanters for export to international markets. The production manager of Bavarian Crystal Works estimates total and marginal production costs to be. What are the total revenue, total cost,..
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