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Describe the sunk cost in the tourism industry?
How good is the approximation when the change is small? Does the quality of the approximation deteriorate as the percentage change increase?
Illustrate what would happen to the dollar-yen spot exchange rate and the current account deficit if there were a decrease in Japanese investment in the United States.
Consumption is $6 trillion, investiment is $2 trilion and government purchases are 2.5 trillion. The country exports $1 trillion and imports 1.5 trillion. Find the net exports and solve for the level of aggregate demand.
Economists argue that successful business depends on creating sustainable and effective supply and demand networks. If you own (manage) a business, how do you create effective demand and effective supply to maximize profit?
What is the value of the economic surplus at the competitive market equilibrium quantity? What is the value of the economic surplus at the socially optimal quantity? Which one is larger, and why?
Groups need to choose a topic from the list of topics provided by the lecturer and write an essay on the chosen topic. (This list is placed under additional readings on your BB)
Assume for a perfectly competitive firm that MC = AVC at $12, MC = ATC at $20, and MC = MR at $16. On the basis of this information, the firm should not be in production. Do you agree?
Who was responsible for the global financial crisis of 2007-2009? Free-Market capitalism, government intervention, or a combination of both?
Ginger's utility function is \(U(x,y) = x^{2}y\) .Prices are Px=8 and Py=2 and Income is I=240. a)Determine Ginger's optimal basket given these prices and her income. b)If Py increases to 8 and Ginger's income is unchanged, what must the Px fall to..
Explore the economic situation in Bangladesh. Briefly describe the trends in growth rates, the business cycle that the economy observed since independence.
Because the structure of the personal income tax is progressive, a larger share of income is taxed at higher rates as real income increases. Therefore, economic growth automatically results in higher taxes unless offsetting legislative action is d..
Why can a case be made that the difference between the domestic producer price of an import-competing good and the world price of the good is a reasonable indic
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