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Question: 1. Mainstream American culture is largely based on the traditions of another culture. Which culture? Why? What are some elements of our culture that provide evidence of this influence?
2. Describe the role of ethnomusicologists.
3. In your opinion, why is it important to study the music of various cultures?
4. How are music labels helpful? How are they a hindrance?
5. Name at least 10 careers in the music industry. Which one is most appealing to you? Why?
Advanced MUa = z=10-x and MUb = z = 21 - 2y, where z in marginal utility per dollar in the amount spent on product A, and y is the amount spent on product B. Assume that the consumer has $10 to spend on A and B
Explain why hyperinflation has such a devastating impact on economies. Explain what it takes to stop hyperinflation
Suppose two rms are competing in prices (Bertrand) in an industry where demand is p=200-4Q. (a) If both rms have MC=120, what is the equilibrium quantity for each rm? Pro ts?
Some peasants are quite "risk-averse," for reasons discussed in this chapter. Imagine a group of poor pastoralists struggling with the effects of a famine.
The parents of a child set up a college fund for her. They contribute $450 monthly to the fund which pays 4.25 % interest compounded monthly.
Show that an efficient standard would lower TSC and increase total net benefits.
Quantity demanded of a product and Explain law of Demand.
It appears that in the twenty-first century, by far the biggest increase in Federal spending will occur in increased medical care expenditures for the aged.
1 if we held an economic airing of grievances in the seinfeld-inspired festivus tradition the bank of canada would
Earthquakes and GDP: Suppose the rural part of a country is hit by a major earthquake that destroys 10 percent of the country's housing stock.
Suppose consumers' income is $50,000 and the price of satellite TV service is $90. At what price would the demand for cable TV services be 55,000 households?
How would the UAW benefit for increased demand for GM and Chrysler vehicles - Each year Forbes magazine lists the multimillion-dollar earnings of top entertainers and professional athletes.
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