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What are the three main questions that all economic system must answer? Who answers them under a communist system? A socialist system? A capital system?
Suppose it is known that the distribution of earnings for government workers is relatively less disperse than that for workers in the private sector. Use the Roy model to explain which type of workers - skilled or unskilled
Compute the opportunity cost of an increase in the number of hours spent studying in order to earn a 3.0 GPA rather than a 2.0 GPA. Find out opportunity cost of an increase in income from $100 to $150.00
Explain the factors of production and give an example for each one and what is the difference between a normal good and an inferior good? How does this relate to the demand curve
What happens to consumer surplus and what happens to total surplus assuming the government sells the consumer
Explain how microsofts bundling of free internet browser software with its windows operating system could violate US antitrust laws, and be sure to mention which laws in particular might be violated.
Suppose you are to specify a short-run total variable cost function for a nursing home. Explain the variables you would include in the function.
Impacts of Globalization and CSR for the case and impacts of cultural integration and how that affects management decisions.
Discuss, using examples and academic references, the statement that perfect competition gives an optimal allocation of resources but that the existence of scale economies may make perfect competition impossible.
There are two assets that consumers can use in order to provide for future consumption: there is a short-term liquid asset and a long-term illiquid asset - does the planner provide more or less liquidity insurance compared to the market allocation?
What is the price of money? Hint: interest rates. How are interest rates determined?
At what output is AVC at minimum? If the market price of firm's output is $7 per unit, should the firm produce or shut down?
Two types of food: Slow and Fast.
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