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What might be the political ramifications if a smaller-and-smaller share of national income is allocated to labor/workers and a larger-and-larger share of national income is allocated to capital/business owners/stockholders?
Illustrate what are the opportunity costs of producing X and Y for Leah and Tim; and if specialization is possible, which good should Leah specialize in? and How about Tim.
q1. dynamic rather than static demand and supply conditions are typically observed in markets of real world. hence
Oligopolies are always bad for society. The beer industry has a few large firms and many small firms; therefore we would not call it an oligopoly.
A monopolist produces a good at zero marginal cost. It knows that two equal sized subgroups exist in the market for its produce, but cannot differentiate between them by sight. Group I value quality of service highly. Why may these have been suggeste..
When using regression to combine forecast of the same Y variable derived in with various methods how do you determine the best forecasts to include in the model?
Suppose Sweden produces only trucks and camcorders. The resources that are used in the production of these two goods are specialized—that is, some resources are more suitable for producing trucks than camcorders, whereas others are more suitable for ..
Construction contractors are the buyers of Portland cement, a key ingredient in concrete. Neither construction contractors nor their customers use much coal. Portland cement is produced in large coal-fired kilns, so Portland cement producers use a la..
Roads are (or at least should be) built to reduce transportation costs. Often we think in terms of saving time. However, as each vehicle enters the highway (with the same primary purpose), the highway becomes more congested.
Illustrate diagrammatically the set of allocations that are Pareto preferred to the initial allocation.
You recently joined Magna Enterprise, a commercial real estate developer, and have been given a position working directly for Evelyn Kemme, Magna's CEO. When you meet Evelyn for the first time, she gives you a project she wants you to complete by the..
US government issues a bond with a face value of $5,000 and a nominal rate of 5% per year payable semiannually. The bond has a maturity date of 20 years. If you want to earn nominal 20% minimum rate return (MARR) per year compounded semiannually, how..
Discuss strategic alliances. How successful are they? Why do firms form strategic alliances? Compare and contrast licensing agreements and franchising agreements. Imagine that you are meeting with your superiors to discuss entering a foreign market. ..
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