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1. List two economic choices you had to make with in last week. Alfred Marshall said in the 1890s, "economics is the study of man in the ordinary business of life." You must analyze one or two of these choices in terms of the alternatives you gave up.
2. Supply and demand analysis is very useful for explaining and predicting equilibrium price and quantity. Very few managers, however, will ever draw supply and demand curves for a real good or service. Nevertheless, they can observe whether a market is in equilibrium. Suppose a hospital manager measures the market for registered nurses (a factor market) and the price (salary) that employers offer is $40,000 per year. The manager observes that there is a shortfall of 1000 nurses in the metro area. What does this say about the equilibrium salary (price) for nurses? What other evidence could a manager look for to infer whether a market is in equilibrium? What are possible causes of the shortage?
Explain the impact of external costs and external benefits on resource allocation; Why are public goods not produced in sufficient quantities by private markets? Which of the following are examples of public goods (or services)? Delete the incorrec..
What will be the effect of the following events on the market for French wine and the quantity consumed? Distinguish between the short-run and the long-run impact.
hat kind of demand does walmart's products have? Does it vary by season? What market segment does Walmart target?
Stock registers an unexpected price decrease, Evaluate the value of your delta-hedged portfolio.
Law of Demand indicates that there is the inverse relationship between price and quantity, why does it matter which particular mix of price and quantity is selected?
What does the market for sugary sodas look like? Provide a supply-demand graph with realistic prices.
What are some the kinds of incentives for providers for efficiency in delivery of healthcare services. Describe who bears the financial risk, the provider, the patient, or the managed care organization?
A hypothetical study examines the operations of a couple of hundreds medical clinics, with the data for amount of expenses for new medical equipment relative to total expenses in particular year(s), and the amount of revenue per physician in subse..
What are some ways public policymakers can reduce demand of cigarettes (shift of the demand curve)? Assume the government decides to implement the tax on cigarette manufacturers in order to raise the price of cigarettes. How much does the amount of..
Write an assembly language subroutine
Angelica pickles manager a Quick copy franchise White Plains, New York. Pickles projects reducing copy 5¢ to 4¢ each, Quick Copy's $600-per-week profit contribution will increase by one-third.
Office building maintenance plans call for stripping, waxing, and buffing of ceramic floor tiles. This work is often contracted out to office maintenance firms, and both technology and labor requirements are very basic.
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