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Discuss what you learned from the BBC documentary "Masters of Money" Series - Part 1 of 3 on John Manard Keynes and how it relates to Skousen's chapter about him.
Distinguish between Cardinal utility approach and Ordinal utility approach to consumer behavior. Explain the consumer's equilibrium in terms Marshallian Law of equi-marginal utility. Give illustrations in support of your answer.
Suppose you are the administrator in charge of setting the toll for crossing a toll bridge across a river. The current toll is $1 per trip and at that toll 1000 trips per hour are taken across the bridge. If the price elasticity of demand for trips i..
Would the balanced-growth path of output per worker for the economy shift upward, shift downward, or remain the same if capital were to become more durable (i.e., if the rate of depreciation on capital were to fall?)
Explain basic idea behind Big Push model. How can O-ring theory help explain existence of a low-level equilibrium that an economy may find itself.
You purchased a bounce house one year ago in which you were required to invest $6,500. One year passes. You decide to sell the bounce house. During the year you were paid $4,000 in profits. If you sell the bounce house today, you could receive $6,100..
q.ajax inc. is a monopolist. the estimated demand function for its product isqd 120 - 0.8p 12y 4awhere p represents
1.a Analyze the effects of globalization on a countries' economy, political sovereignty and societal influence in the Production and trade structure.
A moderately risk-averse investor has 50 percent of her portfolio invested in stocks and 50 percent invested in risk free Treasury bills.
What percentage of customers must be retained to ensure that the price increase is profitable?
the pilots will receive options to buy 14 million shares of the firm's stock over the next 10 years. What impact do you think this new contract will have on Southwest Airlines?
When several people have to decide about a single yes/no issue*, the natural decision rule to use is the majority rule. it is possible that the majority's opinion will be accepted on all topics and the minority's opinion will not be accepted on any t..
Describe the law of diminishing marginal utility. On what assumptions is this law based? Use diminishing marginal utility to explain why millionaires often do not have many homes, even if they can afford it. Explain the three characteristics of utili..
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