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Create an informal hand-written spreadsheet of your own household economy. Identify all the factors of production that your household owns, and count all the person-hours available and any capital.
Discuss how these resources are allocated and by what methods, such as market price, command, majority rule, sharing equally, and first-come- first serve. Also, discuss whether your household's resources are allocated efficiently.
Are they allocated fairly? Think about the two ideas of fairness and how they apply in your household.
Is housing in this town a(n) normal or inferior good? Explain?
there are a number of economic and non-economic factors that affect long-run economic growth of countries. among these
Alternative S has a first cost of $175,000 and a $40,000 salvage value after 5 years, but its annual M&O costs are not known.
1.why does rent control result in a shortage of rental units.2.how does price elasticity of demand affect how much of a
The United States has several laws that are intended to further fair, balanced, and competitive business practices. Do you think that such laws are effective? If so, why? If not, why not?
Describe the impact of a change in the slope of the Phillips Curve on the AD curve, the SRAS curve, and the LRAS curve.
in march 2002 american airlines implicitly increased the price for low-priced business tickets. competitors did not
Suppose that the risk-free interest rate is 10% per annum with continuous compounding and that the dividend yield on a stock index is 4% per annum. The index is standing at 400, and the futures price for a contract deliverable in four months is 405. ..
As the manager of a 60-unit hotel you know that all units are occupied when you charge $80 a day per unit. Each occupied room costs $8 for service and maintenance a day. In addition there is a fixed cost of $400 a day. You have also observed that for..
Suppose the firm is unable to distinguish between the two types of consumers, and therefore cannot engage in price discrimination. Sketch the demand curve facing the firm. Make sure your graph is accurate and carefully labeled. What price will the mo..
the product to research for this assignment is called the davinci a robotic device surgeons use instead of manually
Describe the model of consumer buyer behavior. Providing a list of the steps or a graphic of the model is not adequate, as you must explain how the process works in the real world using your own words.
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