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Question: Discuss the essential economies of scale that can be adopted through use of AI and specifically disruptive CHATGPT currently on market.
You owe $1000 on your credit card. The APR is 18%, compounded monthly. The credit card company indicates that your minimum payment is $18.07. If you make only the minimum mouthy payment, how long will it take for you to repay the $1000 balance (assum..
You have just completed a grueling 10-day business trip calling on two dozen accounts in Latin America. There were even business meetings combined with social e
What are two reasons that a top earner might favor policies to redistribute income.
if the total cost of prducing 20 units of output is $1000 and the average variable cost is $35, what is the firm's average fixed cost at that level of output
Identify and using high/ low context culture, explain what are the cultural factors which might have created and worsened the situation between Danone and Wahah
Describe the qualifications to receive Medicare and/or Medicaid. How can this be modified to serve more people who are considered a vulnerable population?
Using the broken window fallacy as described in “In The News” (p. 14 of Principles of Microeconomics), explain why some journalists, policy makers, and others proclaim that natural disasters are good for the economy in terms of eliminating old infras..
A consumer must divide $600 between consumption of products X and product Y. The relevant market prices are Px = $10 and Py = $40. Write the equation for the consumer's budget line.
Which of the following is not true when there is an inflationary gap? If a minimum wage law is passed imposing a price floor above the equilibrium price of unskilled labor:
Suppose that Omar’s marginal utility for cups of coffee is constant at 1.5 utile 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..
When a country, say Greece, adopted the Euro as its currency, what happened to the debt that was based on the Drachma? Was it converted into Euros? National level or aggregate level data and firm-level data are self explanatory. I have seen certain p..
Using the Solow growth model with no technology growth and no population growth, write the fundamental equation of capital accumulation per capita and plot the time series for capital per capita, output per capita and consumption per capita when ther..
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