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What do economists mean by "diminishing returns" to an input? What causes diminishing returns? Have you ever observed this principle at work in a job you've had? Describe how you've experienced this concept in the real world.
Do some research and write a Topic Paper that describes the market structure in which a typical professional sports team in or outside the United States (e.g. New York Yankees, Kansas City Wizards, New Jersey Nets, Manchester United, etc.) operates. ..
What the slope of the budget constraint? Why is it this value? What is the endowment point? Why must changes in the interest rate cause a rotation in the budget constraint about this point?
What were the main causes of the real estate bubble and the ensuing financial crisis? Why did the crisis spread from subprime mortgages to the entire financial sector and, ultimately, the economy?
Consider the following utility of wealth function: U(W) = 25*W0.3 You currently have $10,000. There is an 8% chance that you get sick, in which case you lose half of your wealth ($5,000). What is your expected wealth? What is your expected utility?
A bus ticket between two cities cost $150 and the trip will take 25 hours, whereas an airplane ticket costs $450 and takes 5 hours. Kathy values her time at $12 per hour, and Rachel values her time at $18 per hour. Will Kathy take the bus or the plan..
Using economic analysis and the guiding principles of sustainability, between the farmer subsidy solution and the principles of sustainability solution, justify which solution is best? Why?
You were told that a certain cash flow sequence started at $3000 in year 1 and increased by $2000 each year. How many years were required for the equivalent amount worth of sequence to be $12000 at an interest rate of 10% per year?
Countries A and B import goods from each other. Country A’s tariff is tA percent and county B’s tariff tB percent. Given these tariffs, country A’s payoff from trade (measured in billion dollars) is 40 + 60tA – tAtB – tA2 and country B’s payoff from ..
The demand curve for chicken biscuits is estimated to be: Ln (Q xd) = 100 - .75 ln (Px) - 4 n (Py) + 1.5 ln (M) Where x represents chicken biscuits, y represents chocolate milk and M represents income. If income drops by 2%, holding constant the pric..
Degree of financial leverage (DFL) offers analysts insight into the effect of what cost? Question 11 options: Depreciation Expenses Interest Costs Cost of Goods Sold Income Taxes
How does price discrimination help customers? Profits are a sign of a business exploiting its customers and workers. Profits are a sign that a firm has served its customers well. Pick one statement and defend it or critique it.
Show the effects of an increase in the total factor productivity, z, on the Laffer curve, on the equilibrium tax rate, and on consumption, leisure, the quantity of labor supplied, and output.
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