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Biophysical limits to economic activity might include:
a. supplies of fossil fuels and mineral resources
b. enough land to grow food
c. the atmosphere’s ability to absorb waste
d. all of the above
Consider the economies of Cakeland, which produces cupcakes, and Creamland, which produces ice cream. Labor is not mobile between Cakeland and Creamland. Suppose that people in both economies begin to demand more ice cream and fewer cupcakes. The res..
Open a Word document and insert the image by pressing the Ctrl+V keys simultaneously. Give reasons to explain what the government would have to do to keep the unemployment rate at 3 percent
Discuss whether each statement is an example of positive economics or normative economics or if it contains elements of both: an increase in the personal income tax will slow the growth rate of the economy.
How would the average and marginal costs change if the phlebotomist’s wage rose to $24 per hour? What principle does your calculation illustrate? A new computer lets the phlebotomist complete a blood draw in 10 minutes. The supplies for each draw cos..
Based on this information, discuss industry concentration, demand and market conditions, and the pricing behavior of Kodak in the 1990s. Do you think the industry environment is significantly different today? Explain.
Elucidate the price also quantity that maximizes the company's profit.
Consider a case of small open economy. In this economy, there is an IT revolution, and as a result the productivity of the economy has gone up. What will be the e§ect of this productivity increase on interest rate and net export in this economy? What..
Is the industry or industries in which the firm operates conducive to abnormally high rates of return.
Elm Industries receives profits from polluting according to the formula: pi =10Q−Q^2 where Q = pollution emitted (in tons), and profits are measured in dollars. The damages associated with pollution from this facility are estimated to be: D=Q^2 +2Q. ..
to be successful leaders in the global business world of the 21st century managers must consider economic trends
Explain how you would create a government program that would give an incentive for labor to increase hours and keep labor from falling into the poverty trap. To reduce income inequality, should the marginal tax rates on the top 1% be increased?
Consider an organization where you work, or one with which you are familiar. What is an issue within the organization that could benefit from applying ethical principles? How can these principles be used?
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