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Why do you think social networks have grown so quickly in countries all over the world? Do you think the greatest future growth will be domestic or in foreign markets? Explain why.
Write out the estimated regression equation for heating area based on wattage and what does the value of the regression coefficient "b" tell us in this situation?
Suppose that market price of gas increases from $2 to $3 per gallon and quantity demanded for this good falls from 24 to 18 gallons per week. Calculate price elasticity of demand and interpret the result.
Name a product you purchased that would be part of the monopolistic competition market structure. Why do you think it is part of this market structure?
Compared with perfect competition, quantity produced in monopolistic competition is inefficient as price is higher than marginal cost (i.e. allocative inefficiency). Why do some economists argue that even if price is higher than marginal cost, it doe..
Jan purchased 100 shares of Peach Computer stock for $18 per share, plus a $45 brokerage commission. Every 6 months she received a dividend
In Plato’s virtuous state composed of virtuous citizens, he argues that it must allow for _____ & thus is neither elitist nor totalitarian (i.e., dictatorial). Virtue ethical theories are teleological because they are based on natural ___________.
Identify a pioneering firm that successfully built long-term success around a new product or service in a new market (entrepreneurship).
Public health information can be broadcast at a cost of $100. Public health information is a pure public good, in that many people can use the information simultaneously and preventing people from using the information is very difficult. One group of..
Explain why so many stores, both online and offline, have such large "after Christmas sales." In addition, explain the recent phenomenon of giving gift cards as presents.
Write a program that prompts for a date (month, day, year) and reports the day of the week for that date. It might be helpful to know that January 1, 1601 was a Monday.
The initial price of a box is $100. Should you raise the price of your widgets? What will be the effect on total revenue?
In response to the Great Recession a number of European governments adopted aus- terity policies which cut government spending on goods and services. Assuming no change in autonomous consumption or in autonomous investment, explain whether such an au..
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