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Define economics. Then compare microeconomics and macroeconomics. What are main differences in topics discussed in these two path of economics?
1. What is the law of comparative advantage, and why is it important in international trade?
Runway construction at the local airport is expected to cost $35M. The runway will require maintenance costing $200K per year. At the end of each 6-year period
Do you think there are economies of scope between long distance and local telephone service? How about between local telephone service and long distance service? What difference do economies of scope make for the optimal regulatory policy?
Advances in technology are changing how we produce and consume products and services. How have these advances impacted your employer or your personal life?
What would happen to GDP if the government hired unemployed workers, who had been amount $TR ain unemployment benefits, as government employees and now paid them $TR to do nothing? Explain.
If county government offices required that all employees must live within the county limits, what impact would this have on the elasticity of demand for employees of the county government offices?
1. Go to the Arkansas State University basketball tickets page http://www.astateredwolves.com/ViewArticle.dbml?& Identify an example of third-degree price discrimination.
Read, Improving the Efficiency, Accuracy, And Cost Effectiveness of Core Business Activities and distinguish how advances in information
Cadie's Candy Shop (CCS) makes a special kind of candy that has become very popular with its customers. The marginal cost of producing this candy is constant. It is equal to $3.5 per box. At a markup of 80%, what price should CCS charge for its candy..
In December 1992, the federal government began requiring that all foods display information about fat content and other ingredients on food packages. The displays had to be verified by independent laboratories. The price of an evaluation of a food pr..
The Fed wants to increase the money supply (which is currently 4,000) by 200. The money multiplier is 3. For each 1 percentage point the discount rate falls, banks borrow an additional 20. Explain how the Fed can achieve its goals using the following..
An electrical motor spins at a constant 2463 rpm. If the armature radius is 6.318 cm, what is the acceleration of the edge of the motor?
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