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1. State three different reasons why entrepreneurship seems to concentrate in some places (i.e. the persistent differences in entrepreneurship between regions and countries).
2. Discuss how a higher level of entrepreneurship promotes different aspects of macroeconomic performance.
Include in your answer Say's Law, prices, interest rates and wages. Which U.S. major political party is generally associated with Keynesian principles?
Brian and Julie are the only people in town that like apple pie. Brian's demand is given by the equation P = 10 - 2Q, and Julie's demand is P = 10 - Q. What is the total town demand? Suppose Eric moves to town. His demand is given by the equation P =..
Our firm has economies of scope in tires and water bottles. The market for water bottles is competitive, and in the short run we are producing at P=MC
You have purchased a machine costing $30000. The machine will be used for 2 years, and at the end of this time, its salvage value is expected to be $18000. The machine will be used for 6,000 hours during the first year and 8000 during the second year..
Two ?rm’s produce soda: one with a constant MC=$1.00, and one with a constant MC=$0.50. Demand for soda is given by QD = 100 − .5P. For each of the following models of oligopoly competition below, Find the market price, market quantity, each individu..
Using a supply and demand model for bonds, answer the following questions regarding bonds issued by Apple:
What kind of government failures could result? Explain. Be complete and use the language of economics.
illustrate what is james opportunity cost of producing chickens which person has an absolute advantage in which activities which person has a comparative.
A merger will likely lessen competition if
What do you call one that typically switches into a new phase at around the same time as the business cycle switches into a new phase?
Assume that the price elasticity of demand for movie theatres is -0.85 during all evening shows but for all afternoon shows the price elasticity of demand is -2.28. For the theater to maximize total revenue, it should..... Explain why.
The first cash flow of a 25-year series of quarterly cash flows is equal to $35,000. Each cash flow in the series increases by $800. Find the amount of each cash flow in an equal quarterly cash flow series that is equivalent to the increasing cash fl..
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