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1. What are the fundamental differences between cost-benefit analysis and cost-effectiveness analysis?
2. When is each most appropriately used? (Explain)
one receives a higher salary with the successful completion of degrees or the earning of diplomas. Elucidate how the sheepskin effect is analogous to SIGNALING MODEL.
Assume that the labor market for coffee roasters is in equilibrium. A new ad campaign by the coffee industry, “A coffee a day keeps the sleepies away,” is successful and consumers prefer more coffee. Graph the effect of this on equilibrium wages W1 a..
Jenny is starting a bakery and needs some help with pricing the muffins. Since she knows you have studied pricing, please help her to determine the following. The muffins cost $0.35 to produce. She would like to sell them for $1.20. What is the mark-..
Explain what action should be taken in terms of adjusting output if it is determined that marginal cost is greater than marginal revenue.
How does a country get a comparative advantage? How would you be able to figure out which product categories or industries the United States has a comparative advantage in?
Suppose that 8000 (i.e 8 units of one thousand) construction permits are expected to be issued in 2010. What would be the point estimate of Phoenix lumber Company’s sales for 2010?
Can Monetary Stimulus Fail? Monetary policies can work only if private enterprises respond to them in certain way; if they respond in other ways, the policies fail. Explain and give examples
Which of the following actions would be most likely to reduce potential conflicts of interest between stockholders and managers?
Fill in the surplus-shortage column. what is the equilibrium price in this market? what price is there neither a surplus nor a shortage? draw the supply curve and the demand curve and locate the equilibrium price and quality.
In the U.S, the capital share of GDP is about 50 percent, the average growth in output is about 3 percent per year, the depreciation rate is about 4 percent per year, and the capital-output ratio is about 2.5. What must the saving rate be in the init..
Which of the following is true about product markets?
Explore in particular how the firm responds to the macroeconomic conditions in terms of the stock performance, current also future sales revenue, current also future profits, and worker costs also hiring decisions.
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