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Compare and contrast the two main perspectives on business power in the US economy (dominance and pluralistic) and choose the one more applicable to contemporary US.
A city is considering four alternatives for housing development projects. Given an interest rate of 10% per year and the data in the table, determine: From the viewpoint of a private operator which, if any, of the projects should be selected given th..
Bavarian Crystal Works designs and produces lead crystal wine decanters for export to international markets. The production manager of Bavarian Crystal Works estimates total and marginal production costs to be TC = 10,000 + 40Q + 0.0025Q2 and MC = 40..
Chinese policies have created a great deal of controversy and discussion. For each of the following topics, describe the issues raised by China’s trading partners and evaluate their concerns. China’s trade surplus. China’s exchange rate system
Clancy and Eileen are farmers. Each one owns a 12-acre plot of land. The following table shows the amount of rye and corn each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing rye or corn or to..
the total quantity of monthly account across all internet providers increases from 90,000 to 190,000. What is the value price elasticity of demand? Is the demand elastic or inelastic?
A college student has been looking for new tires. The student feels that the warranty period is a good estimate of the tire life and that a 10% interest rate is appropriate. Using an annual cash flow analysis, which tire should be purchased? Tire War..
Suppose the market demand function is given by: Q = 100 - 2P , where Q: total quantity, P: market price. And in this market there are two firms with MC=AV=$10. Find each of the following: Perfect competition price, quantity, and consumer surplus? Mon..
Emma spends all her money on sneakers and coffee. Emma’s budget is $50 and the price of sneakers is $10. The optimal bundle for Emma varies with the price of coffee and is as follows: According to the information above what is the price of coffee in ..
Find an article from a reputable news outlet (this should be a news article not an academic one) that both relates to the content of this semester and contains a graphic presentation of data. Assess how well the author's graphic accurately communicat..
Use the Keynesian-cross model to illustrate graphically the impact of an increase in taxes on the equilibrium level of income.
A firm has $1,800,000 in sales, a Lerner index of 0.69, and a marginal cost of $35, and competes against 1000 other firms in its relevant market. What price does this firm charge its customers?
When China reformed state-owned enterprises, it tried a new approach to choosing managers: it put managerial jobs up for auction. The bids for the jobs consisted of promises of future profit streams that the managers would generate and then deliver t..
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