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Question 1: Define rent-seeking.Question 2: Give an example of rent-seeking.Question 3: Briefly explain the main idea of the "paradox of voting" also known as "The Condorcet paradox" with an example.
In two separate graphs that you have created using Excel, clearly and accurately graph the demand and total revenue curves for the western part of Canada
The assignment problem belongs to economics mainly to microeconomics and it is deals with entrepreneurship and entrepreneurs in the 21st century.
What were the goods or services you chose to maximize your utility? How did this relate to your budget constraint.
Why study perfect competition if no real-world market completely satisfies all of the theory's assumptions?
Create a short presentation with four to six slides on effective strategies for the economic redevelopment of the Aral Sea.
When did the twentieth century end and the twenty-first century begin? Why? What major themes characterize the twenty-first century so far? What are the biggest challenges facing our world today?
What is Wisconsin's opportunity cost of mussel removal? What is Wisconsin's opportunity cost of cleaning pollution? What is Michigan's opportunity cost of mussel removal? What is Michigan's opportunity cost of cleaning pollution
It has been proposed that toll collection on the Massachusetts Turnpike, a key commuter route into Boston from the west, be discontinued. Proponents argue that tolls have long ago paid for the cost of building the road
At what sales/output level will marginal costs (MC) reach a minimum and estimate the value of TVC for sales/output level 250,000 units, and calculate the 95% confidence interval for your estimate.
1. You have made the decision to pursue higher education. Describe the economist's view of how a decision like that is made. Using marginal analysis, make sure you evaluate the "rationality" of the decision and explain why the following statement is ..
Suppose the fixed cost of a Christmas trees business is $7,000 and sunk. The variable cost for each tree is $20. According to the forecast, the market price for Christmas trees is $25 each and the owner could sell 1000 trees at most each year. What w..
In a one page paper: Select a firm you believe has been successful in global competition, describe the major factors you believe have been the reasons for this success.
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