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1. Why did the chinese kingdom begin bulding walls in the 8th century BC?
2. Why did Shi Huangdi order the costruction of the Great Wall of China?
3. What did the treatment of the laborers buliding the great wall of china reveal about Shi Huangdi?
4. Describe one way the great wall of china was used by the military?
In perfect competition market, assuming an increase happens to variable cost.
According to a study, the price elasticity of jewelry is 1.2 and its income elasticity is 1.5 in the U.S. a. Would you suggest that Patton’s Jewelry Company cut its prices to increase its revenue? b. What would be expected to happen to the total quan..
Suppose each monopolist is allowed to sell both domestically and export the good. At what price will the good be traded? What quantity will each firm sell domestically and what quantity will it export?
Cooperation among oligopolies runs counter to the public interest because it leads to underproduction and high prices. In an effort to bring resource allocation closer to the social optimum, public officials attempt to force oligopolies to compete in..
A Problem Solving Approach: Strategic Game Describe some interaction your company has with another entity (firms producing complementary or substitute products, upstream suppliers, ordown-stream customers), or between internal divisions within your f..
Three mutually exclusive projects are being considered for a remote river valley: Project R, a recreational facility, has estimated benefits of $10 million and costs of $8 million; Calculate the benefit-cost ratio and net benefits for each possible a..
Decrease DEMAND (finding alternatives to oil). Graph how these two changes will bring about lower gas prices. Which school of thought do you subscribe to?
Explore the possible forms of technical economies likely exploited by Netflix and its content creation partners?
a. Graph the probability distribution function. b. Calculate and graph the cumulative probability distribution. c. Find the mean of the random variable X.
Then, calculate the change in the stress index (STLFSI) forthe 2012:Q2 to 2013:Q1 period by taking the value at the beginning of the period and subtracting.
How does the standard product of labor change when the industry utilizes 81 units of labor.
How much profit is the firm making? What output recommendation would you make as the company economist?
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