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In the United States, we are fortunate to have an abundant supply of food, and much of this is due to our agricultural technology. However, there are many concerns about our food source, including genetically modified crops, the use of more chemicals, and climate change just name a few. Give examples of how humans have increased their food supply and what effects these methods have on the environment overall. Discuss concerns you have about the overall safety of the food you eat? With at least 150 word count.
Elucidate what it means that the preference relation has a utility function representation,
Suppose the following data about the demand for goods and services. All variables are in billions of dollars. Suppose that potential level of output is $12,000 billion. Use the above data to calculate the size of the output gap?
Your friend invests and patents a portable ice cream carrier (PCC) which you plan to manufacture as well. You determine the demand function for the product is
Write your individual answers to both questions listed above together not each minimum 300 words in essay format in APA style
Draw the supply and demand diagram for reserves with the curves intersecting on the downward sloping part of the demand curve - diagram A.
Due to rising unemployment , bike sales are rising across the USA. The bike industry estimates that , all else equal, a 1% fall in average income leads to a 1.5% increase in the sale of bicycles. Calculate, interpret and explain the YED for bicyc..
As an economist, you have been asked to address a meeting of a group of international professionals to explain the differences between microeconomics and macroeconomics and to provide real-world examples.
A firm is considering building a two-way network that links 11 users. The cost of building the network is $8,000. a. How many potential connection services does this network provide?
A sample of 500 business professionals found that 30% chose an airline based on price. a) If the population proportion of all business professionals who select an airline based on price is 0.27, then what is the probability that we would find a s..
If the firm makes the special dividend payment, what will your total wealth be? If the firm repurchases shares, what will the new EPS be?
Elucidate why does the Fed like to fight inflation in our economy and is inflation a concern right now given our current economic situation.
Define the economic concepts of opportunity cost, supply and demand, and marginal analysis. Discuss how they could be applied to the decision making of individuals, health care providers, or the government.
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