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Damages and Loss of Life
What is the value of a statistical life? How is it estimated? What are some issues associated with its use?
How would students respond to government limits on student loan interest rates? How would private banks respond? Why do you think these rate caps have not been implemented?
Robin and Terry are Stranded on a deserted island and consume two products, coconuts and fish. In a day, Robin can catch 2 fishes or gather 8 coconuts, and Terry can catch 1 fish or gather 1 coconut.
In economics in the field of renewable and non renewable resources there is this notation called MNB. It stands for and how do we calculate it?
What do we mean by "environmentally sustainable development?" Are there serious economic costs of pursuing sustainable development as opposed to usual economic growth?
Please discuss the following videos in relationship to our course. For example, how does what is represented in these videos apply to managerial economics and our economics world?
1) Monopolies and monopolistically competitive firms differ in that monopolies: a) participate in markets where barriers to entry are present
What will happen to the expected price level? What impact does this have on wage bargaining power of workers?
Where z is marginal utility per dollar spent, x is the amount spent on product A, and y is the amount spent on product B.
Have you been personally involved in the making of a decision for a business concerning what, how, or for whom? If yes, Elucidate your rationale for making such decisions.
Compute the coefficient of price-elasticity of supply for the seven prices ranges given above and complete the table.
What is the level of required reserves and excess reserves held by banks in this town?
What could have happened to the economy if the Federal Government had not stepped in to bailed out the AIG? (300-350 words) What do you believe the outcome of the same bailout with be in the next 10 to 20 years? (300-350 words).
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