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Explain why non-governmental organizations (NGOs) like the cooperatives described in the Fair Trade material play an important role in the economic development of developing countries. Why do the governments of these countries require help to protect their producers and the environment?
demand formula is given as p150-3q and we only have 40 tickets to sell and that the mc0 and we suppose to figured out
How would a more controlled access to credit by firms and individuals have reduced the over leverage of businesses and individuals and decreased the likelihood of the recent economic downturn?
After the September 11th attacks, one division of the Pentagon began to set up a Policy Analysis Market (PAM), a prediction market for political events in the Middle East. Suppose Chad believes that the price of oil will be higher in the future and b..
ohn also Jeremy are utilitarian's. John believes to labor supply is highly elastic while Jeremy believes to labor supply is quite inelastic.
A monopolist is trying to decide how to allocate output between two markets (Market1 and market 2). The demand curve for the two markets is given by: P1 = 15-q1 and P2= 25-2q2. The cost function of the monopolist is C= 5+3q1+q2. Calculate the price o..
. What do you think of Coca-Cola's environmental initiatives? Are they just window dressing , or does the company seem to be sincere in its efforts?
the number of hours per week supplied to a particular market by three individuals at various wage rates. Compute the total hours per week supplied to the market.
Suppose that Omar’s marginal utility for cups of coffee is constant at 2.5 utils per cup no matter how many cups he drinks. On the other hand, his marginal utility per doughnut is 10 for the first doughnut he eats, 9 for the second he eats, 8 for the..
A company buys a machine for $12,000, which it agrees to pay for in five equal annual payments, beginning one year after the date of purchase, at an annual interest rate of 4%. Immediately after the second payment, the terms of the agreement are chan..
Six Western states are considering laws to make gold "legal tender" in their states (Utah has actually passed such a law buy has not yet implemented it). If gold was made "legal tender" in those states, how effective do you think gold would be as (1)..
The best way to do a sales analysis is to first break down sales by customer type, and then geographic region. Pricing objectives need not be explicitly stated. "Psychological pricing" involves setting prices which end in certain numbers, while "odd-..
We grow wheat that sells for $40,000. The wheat is milled into flour that sells for $55,000. The flour is used to bake bread that sells to consumers for $90,000. Typically, a period where GDP is falling for at least 6 months is considered to be:
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