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Question: You have one semester left to graduate and you have the finances to do a maximum of four courses. Three of the courses are required courses. The last course slot belongs to an elective. You have narrowed down your choices to three electives, all of which are very popular and very useful courses that you are very interested in. Decide on the course you want to take.
Then using at least two economic decision-making principles (People face trade-off, the cost of something is what you give up to get it, Rational people think at the Margin, People respond to incentives).
Explain why you are making this choice. Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience.
Organize your response in a clear and logical manner as appropriate for the genre of writing. Use well-structured sentences, audience-appropriate language, and correct conventions of standard American English.
Calculate the monopolist's profit-maximizing price, quantity, and profit if he can charge a single price in the market (single price monopolist)
1. What is a z-score? What is the formula? Why is being able to compute a z-score important? 2. What is considered an unusual z-score?
Defenders of Communist economic systems may point out that customers pay lower values for certain goods because government imposes a limit on what manufacturer may charge.
Over the long run, the primary determinant of movements in the money supply is the. There are ______ members of the Board of Governors of the Federal Reserve System
(a) List and describe the three tools of the Federal Reserve. Which of these three is the most important (and it's the most frequently used, too) (b) Continuing with what you answered for part a, explain how open market operations work. Be as comp..
You are in a class with one other student. It is the end of the semester and final exams are in one week. Your teacher has said the final exam will be graded so that anyone who scores the class average on the final exam will receive a B in the class.
Marginal rate of substitution increases as he or she consumes more of a good.C. the law of diminishing marginal utility holds.
Last year, Jarod left a job that pays $60,000 to run his own bike-repair shop. What is Jarod's accounting profit? What is Jarod's economic profit?
What is the quantity of hammers imported before the tariff? What is the quantity of hammers imported after the tariff? What would be the amount of consumer surplus before the tariff?
Plumbers and plumbing companies who buy in large quantities, know exactly what they want, and insist on competitive prices or they'll go elsewhere.
Big Steve's, makers of swizzle sticks, is considering the purchase of a new plastic stamping machine. This investment requires an intial outlay of $95,000 and will generate net cash inflows of $16,000 per year for 9 years. What is the project's NP..
Economics 311: Intermediate Microeconomics - Microeconomics Problems. A monopolist faces the demand curve- P = 120 - 2Q, Find the profit-maximizing price and quantity. Suppose a union imposes a wage of $4 per hour. How many workers will lose their j..
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