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Please provide the opinion on whether the benefits of H1-B Visa program have outweighed its costs. Give the reason why you think so?
Flawed reasoning. Identify the flaw in reasoning in the following scenarios. Explain what the individuals in the study should have done differently if they wanted to make such strong conclusions. Based on these results, the school officials conclude ..
Estimating your price elasticities of demand for products you routinely purchase. Describe your price elasticities for such products and discuss the movement
Tim Madsen is the purchasing agent for computer center, a large discount computer store. He has recently added the hottest new computer, the Power model, to the store's stock of goods. Sales of this model now are running at about 13 per week. Tim cur..
The following equation represents the daily market demand for crude oil. Q = 10, 000,000 - 500,000 P Suppose there are four oil producers in the crude oil market, A, B , C and D. The marginal cost of A is $10. The marginal cost of B is $12. The margi..
Suppose the Reserve Bank of Australia (RBA) decides to implement an expansionary monetary policy out of a concern that the Australian economy is going.
Consider the following conversation: Does the logic of the reader (G) make any sense, or does it violate economic reasoning?
Suppose the employees of Starbucks in China are paid 8 yuan per hour and a cup of coffee is priced at 8 Yuan. If Starbucks is maximising its profit, What is the value of marginal product of labour (VMPL) per hour of the last worker employed by Starbu..
Suppose that the demand curve for wheat is Q = 100 − 10p and the supply curve is Q = 10p. The government imposes a price ceiling of p = 3. Describe how the equilibrium changes. What effect does this price ceiling have on consumer surplus, producer su..
In a particular competitive market, the sellers have private marginal cost (PMC) equal to 2.5 at every output level. The demand curve has the equation P = 52.5 − (5Q/2), where Q ≤ 21 is the quantity bought at price P ≤ 52.5. Find the competitive equi..
Joe Miner has $3000 in his savings account from an inheritance 10 years ago. If the savings account pays interest annually at a rate of 5%, how much was deposit
An academic journal is considering offering a new service which will send articles to readers by email. There are two types of potential users, students.
Mark's demand curve for the company's product is: At what output is the demand for the firm's product price elastic? If the firm wants to maximize its dollar sales volume, what price should it charge?
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