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Define and describe Creative Destruction, Also, offer an industry example of its application. You will need to cite at least one external source, i.e. peer reviewed academic journal.
You are a consumer of both red wine and white wine. The price of red wine is $20 and the price ofwhite wine is $10. Your marginal rate of substitution is 1. By plotting red wine is on the horizontal axis and white wine on the horizontal, first s..
Learning Objectives for Henry Hazlitt’s Economics in One Lesson #1. In your own words, state “the Lesson” of Hazlitt’s Economics in One Lesson and explain how it applies in the following instances. Include at least one policy argument in favor of the..
Desired consumption and investment are Cd = 4000 - 4000r + 0.20Y; Id = 2400 - 4000r. As usual, Y is output and r is the real interest rate. Government purchases, G, are 2000. Given the consumption function, what the value of the MPC? Given the saving..
q1. prepare five-year revenue and return on sales objectives. justify your objectives. you should be able to derive an
Which of the following is NOT required for Solver to generate a solution?
q.the subject is comparative advantage. will need four theoretical articles on this subject that can be posted for
Suppose that currently the government provides everyone with a guaranteed income of $10,000 per year, but this benefit level is reduced by $1 for each $1 of work income. The government is considering changing this policy so that the benefit level is ..
q.your bike is worth 200 and if you park it outside on campus there is a 10 chance that it will be stolen.a. what is
Suppose a firm had two methods to assemble a new smartphone. The first method utilizes 2 hours of labor and 4 units of capital, while the second method uses 4 hours of labor and 1 unit of capital. Under which conditions would the firm want to use the..
One bag of flour is sold for $1.00 to a bakery, which uses the flour to bake bread that is sold for $3.00 to consumers. Taking these three transactions into account, what is the effect on GDP? A steel company sells some steel to a bicycle company for..
Identify a company in your local or generalized area that you would classify as a monopoly. Explain the key reasons why you classified the company as a monopoly, and state how the company operates relative to at least two (2) characteristics of that ..
The next two questions refer to the following problem. A risk-neutral worker can provide high effort (at personal cost $14) or low effort (at zero cost). A high effort worker contributes $X to the company’s revenues, a low effort worker contributes $..
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