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Within 20 years, we will have seen the emergence of enormous global markets for standardized consumer products. Do you agree with this statement? Justify your answer.
At present, U.S. railroads own about 595,000 railcars and lease an additional 717,000. The demand for rail freight services has increased markedly in recent years as the booming ethanol industry has sought rail transport of raw ingredients, by-produc..
what are the arguments in favor of trade restrictions and what are the counterarguments? according to most economists
Choose two of the following economic systems(traditional,free market,or centrally planned) and explain which of the two systems you think does the best job of achieving each goal of the major economic goals each economic system tries to meet
Presume that the market demand for cell phone service is given by the following equation: Qd = 471 - 2P where Qd is the quantity of lines per month that people in the local area would be willing to purchase at a monthly price of P dollars. What is th..
Describe and explain EIA's forecast for the price of gasoline, coal and natural gas. Identify the factors that are affecting the forecast. Discuss specifically the impact of shifts in supply, shifts in demand, and examples of substitutions
Mathew's utility function implies that the marginal utility of apples is 0.5vX/Y and the marginal utility of hotdogs is 0.5vY/X . How many apples and hotdogs will Mathew buy?
a change in human resources can have a major impact on businesses and our daily lives. list two demographic changes
Draw a picture showing both the marginal cost curve and the total cost curve for Fangorn Inc - Can you conclude something more general about cost curves when marginal costs are constant?
The phlebotomy lab is designed to accommodate 20,000 draws per year then what are the average and incremental costs of a blood draw when the volume is 20,000? 10,000?
Two variable inputs, labor (L) and materials (M), are used to produce output. Company's current level of output: CL = $10 / unit, MPL = 25 CM = $2 / unit, MPM = 4 (!) Decide whether the firm is operating efficiently, given that its objective is to mi..
Suppose the market for agricultural machinery, including crop sprayers, in a region is monopolized by one company, Jack Rein Deere. The market demand for sprayers is given by Q = 1250 - 0.05P. The monopolist's supply curve for sprayers is given by Q ..
assuming the following demand for european luxury automobileswhere p price of european luxury carspa price of
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