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While sitting in your office one evening, you begin to think about some of the key microeconomic messages you want to communicate to the Board. Key concepts include, but are not limited to, supply and demand, pricing, competition, costs & production, and economic value added.
Pick two key concepts and discuss what you will present to the Board and why
Suppose that the trade pattern of a country is that it exports foodstuffs and imports fancy sports equipment. Can you make a case that trade acts like a regressive tax in its impact on the distribution of real income and welfare within the countr..
If salary in the private organization are set equal to the value of the marginal product, how much will they rise yearly.
a. What were the main causes for the financial crisis that hit the world economy in 2007- 2008 b. What caused the European debt crisis Brieáy discuss the situations in Greece, Ireland, Spain and Portugal - what are the main problems in these econo..
Demonstrate that removing the subsidy will make consumers worse off but will nevertheless improve society's economic welfare.
Hurricane Katrina may sting United State economic growth through choking energy supplies even as damages caused by the storm spur massive rebuilding and emergency government spending.
You are the manager of an organization in America that distributes blood to hospitals in all 50 states and the District of Columbia.
ABC Technologies, Corporation, enjoys an exclusive patent on process to atomize gasoline in platinum in combustion engines, producing substantial gains in miles a gallon
Explain how a consumer as well a business in the perfectly competitive arena maximize utility, discussing any similarities.
What is the amount of the son's freshman year expense in terms of actual dollars? (b) What is the equivalent single sum amount at the present time for these college expenses?(c) What is the equal amount, in actual dollars, the father must save each y..
Assume an economy's real GDP is $30,000 in year 1 and $31,200 in year 2. What is the growth rate of its real GDP?
Explain why do you think that whenever the government needs to raise their revenue they usually decide to increase the tax on items such as gas
Three factors make analysts more optimistic: Companies are cutting production, weekly egg-set numbers are declining (egg sets are fertile eggs placed in incubators), and prices are responding positively to the decreasing supply. The ..
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