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Democracy has changed dramatically since its original application in ancient Athens. Describe the evolution of democracy by comparing and contrasting direct democracy with representative democracy. In completing this comparison, be sure to incorporate Aristotle's concerns about democracy and assess the stability offered by these variations within democracy.
For decr returns to scale, if a firm hires double the amount of managers and also doubles all other input, the managers may not be able to manage their tasks at hand because of how difficult the company has become to handle. Therefore output will ..
Suppose that an industry has six firms with market shares. % MARKET SHARES Firm ADerive the HHI. Suppose firms C and D propose a merger. Derive post-merger HHI. Might this merger be challenged under the horizontal merger guidelines?
Does the structure of global economy permit poor nations to catch up with rich ones? Is the Solow model a useful framework for understanding whether poor nations tend to catch up with rich ones?
Explain what is meant by the statement, "Bureaucrats are people we hate in the abstract but cannot do without in the concrete." What is the role/purpose of bureaucracy? Who heads up top levels within bureaucracy?
How much corn will the industry be willing to supply at a price of $200? What about at a price of $250? What about $300? $350? $400? ii) Use your answers to graph the long-run supply curve for the industry, that is, the quantity of output the indus..
According to the quantity theory, in the long run, an increase in the growth rate of ________ leads to an increase in the ________ .real GDP; inflation rate the quantity of money; growth rate of real GDP the quantity of money; inflation rate
a. Assuming that this firm has positive fixed costs, did the firm earn economic profits, economic losses, or zero economic profits yesterday? b. To maximize economic profits today, how many bricks should this firm produce today?
A method commonly used through both governments and private health insurers to control the growth in private health insurers to control the growth in health care expanding are limits to reimbursement to providers.
Give a numerical example to show that a monopolist's marginal revenue can be upward-sloping over part of its range.
Illustrate what can you say regarding your price elasticity of demand of apples
What is the role of the Economies of Scale on the expansion of Gap, Inc into Rome Italy.
a.) Draw the Production Possibilities Curve. b.) Determine the opportunity costs for a move from A to B; B to C; and C to D.
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