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Question: Essay: Please answer the following in no less than one page: Pretend you're giving an economics lecture on the four schools of economic thought you've learned thus far. To your "students," describe the pros and cons of each and how, sometimes, sole use of one "theory" may not bring about significant economic growth.
Drilling, Inc., is considering installation of a new automated drilling equipment. The new equipment can be installed for $12,850,000 today and will have a life of 4 years until technological obsolescence due to rapid advances in drilling control tec..
The total revenue and total cost for a product are related to production, x by:
A structured and evidence based assessment of the challanges and opportunities for transport infrastructure to ensure the smooth flow of goods.
I think people would agree that the one most ubiquitous tool for welfare measurement in the economic literature and in economic education is the notion of total surplus. Throughout it's history, total surplus has been criticized several times and on ..
The equation for a demand curve has been estimated to be Q = 100 - 10P + 0.5Y, where Q is quantity, P is price and Y is income. Assume P = 7 and Y = 50.
How could advertising be a barrier to entry? Could advertising reduce barriers to entry for a new product?
In the book, "Confessions of an Economic Hitman", How did the OPEC Oil Embargo of 1973 change the way the U.S. government does business in the Middle East? What were the goals and strategies used to ensure that an event like the embargo would never h..
Explain the platform strategy behind these actions by Microsoft, Nintendo and Sony.
Suppose velocity is constant, the growth rate of real GDP is 3% per year, and the growth rate of money is 5% per year. Calculate the long-run rate of inflation according to the quantity theory of money. Suppose the growth rate of money rises to 10% p..
Using the PESTEL method analyze/illustrate why The American Tobacco Company is no longer in the Dow Jones Industrial Average. In other words, which environment macro-environmental forces did it not adjust to in the years since? Discuss how the forces..
Please discuss the following statements brie?y. Use the materials from class to provide arguments to support and / or refute the statements.
a. Determine your optimal markups and prices under third-degree price discrimination.
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