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Should one distinguish between economist’s descriptive statements, propositions, and predictions about the world, and their statements about what policies should be adopted?
Compute the point elasticity of demand at this TR-maximizing price also quantity. Does the elasticity have the expected value.
Which of the following statements suggests that property taxes might be progressive?
How will globalization impact our economy in both short run and the long run? State your arguments "for" and "against" globalization and finally summarize your view on globalization.
You live in a small town with only one grocery store. the demand curve for food in your town by p=35-1/5q. The grocery store has a total cost curve of tc = 50+1.25Q. Graph the Demand, Marginal Revenue, Marginal Cost, and Average Total Cost curves. Wh..
Identify the market structure that best matches the competitive qualities found in the market where these products are made and sold. Explain your answer.
Explain what happens to observed prices in posted offer and double auction markets as the number of sellers drop to 2. Explain what happens in these two markets as the number of sellers drops to only one seller. Explain why part (b) illustrates the f..
q1. the average variable cost per acre planted with wheat was 107 per acres. assuming a yield of 50 bushels per acre
In what ways has the U.S. system been affected (positively and negatively) by these regulations?
Explain how are you morally justifying your decision. Remember to use professional e-mail etiquette when composing your e-mail.
Discuss whether each statement is an example of positive economics or normative economics or if it contains elements of both: an increase in the personal income tax will slow the growth rate of the economy.
In the short run, a firm cannot vary its capital, K=2, but it can vary its labor, L. It produces output q. Explain why the firm will or will not experience diminishing marginal returns to labor in the short run if its production function is q=10L+K. ..
What happened to Ikonomia actir's net foreign assets during 2007. Did it acquire or lose foreign assets during year. Compute official settlements balance. Based on this number, what happened to central banks (foreign) reserves.
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