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What is the basic premise underlying all economic analysis?
Picture the used car market: Cars are either high, medium, or low quality. To buyers, high quality cars (which never break down) are worth $8,000, medium quality cars (which sometimes break down) are worth $5,000, and low quality cars (which often br..
Consider a situation where a monopolist faces the following inverse market demand curve p = 100 - q and the following cost function TC = 4q + q2. derive the marginal revenue and marginal cost functions. what are the equilibrium price and quantity if ..
If Joe's capital is currently fixed at K=9 machines. What's the marginal product of Labor?
By taking one company as an example (preferable the company you work in), develop a five year strategy for the company you selected. While developing the five y
Lag shows that once the Keynesian model starts (i.e. government interferes with a free economic model) it has to keep going, why?
List and describe the four types of unemployment. Using the expenditure approach, give an equation for GDP. Now explain it. If the CPI for 2006 was 170 and the CPI for 2007 is 204, what is the current inflation rate?
Certain politicians constantly make the argument that we should raise taxes on corporations rather than individuals. What is wrong with this argument? What is meant by "the double taxation of corporate profits"?
Milo and George are barbers. In one day, Milo can give 6 haircuts or give 8 shaves. In one day, George can give 5 haircuts or give 10 shaves. What is Milo’s opportunity cost of one haircut? What is George’s opp. cost of one haircut? Who has absolute ..
What kind of investment is not appropriate for an investor who has a student loan debt?
explain what occurs when a new technology makes another one obsolete in terms of economic profit. consider firm a to be
In your view, how might economic thinking, as described in the book, be different than the way a Christian might think about the world?
Compute the maximum profit for the monopolist in terms of F. For what values of F will the monopolists profit be negative?
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