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Discuss the role of violence in mercantilist accumulation by dispossession (also called originary or primitive accumulation). Give an example of a mercantilist power using violence to initiate the process of mercantilist accumulation.
Economist Steven Landsburg (New York Times, January 16, 2008 p. A23) made the point that “bullying and protectionism have a lot in common. They both use force (either directly or through the power of law) to enrich someone else at your involuntary ex..
Restek Chromatography Products and Solutions company purchased new packaging equipment with an estimated useful life of 10 years. Cost of the equipment was $20,000 and the salvage value was estimated to be $3000 at the end of its useful like. For the..
What is one possible factor that will cause long run aggregate supply to shift to the right?
Sales are 3,100 at a price of $200 and 2,400 at a price of $300. Calculate the price of elasticities of demand using $200 as the base value; then use $300 as the base value. Calculate the arc price elasticity and compare the three calculations. How d..
Show that this in expectation decreases the firm's value, and explain why, in spite of that, the owners of the company would want to undertake the project.
Does higher-than-expected inflation transfer wealth from borrowers to lenders? Explain. What are examples if current microeconomic events happening today. How are sustainability and biodiversity related? What type of unemployment is the most difficul..
The Robbins Corporation has the following production function for producing diving masks: q = K + 2 (L)(1/2) Its input prices are pK = $6 and pL = $4. It can sell as many masks as it likes for $20 each, which means that the marginal revenue or MR for..
The plant will require a major overhaul every 5 years, costing P1million. Determine the benefit/cost ratio at the city's interest rate of 6%. Use PW and EUAC.
What influence do consumers have on market structures? What influence do producers have?
Explain four problems with the argument that trade protection is needed to protect American jobs. b) Describe the economic reasons why businesses use off shoring.
What are your marginal costs for each customer load level? If you are compensated $10 per ride, what customer load would you want?
What is the significancee of this opportunity cost to the search for better technology to reduce pollution?
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