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Explain elaborately the principle of long run equilibrium under perfect competition.
Explain why "outsourcing of jobs" from the U.S. and other higher wage societies to China and other "lower wage societies" related to the factors of long-term growth discussed in the textbook.
Gas prices fluctuate often and in both directions. In your initial post, respond to the following: How responsive do you think consumers will be to the price change when these fluctuations occur due to changes in supply? Why?
The cost measure sellers use to determine whether or not to produce the optimal (i.e. profit maximizing) level of output is:
Then use multiple regression analysis to show the relationship between your variables. Comment fully on your results (from a managerial decision making perspective).
The US had a national bank during the first few decades after its birth before it was abolished. Today, we have the Federal Reserve. What are the differences between the Federal Reserve and a National Bank (specifically, with regard to their interven..
There are basically three ways of entering the global market. The first way is to merely have an Internet presence. Orders can be placed and shipped anywhere in the World. The belief is that if a product is great, the market will come to you ba..
A monopoly produces widgets at a marginal cost of $8 per unit and zero fixed costs. It faces an inverse demand function given by P = 38 ? Q. Suppose fixed costs rise to $200. What will happen in the market?
An example of a positive externality is
Suppose that a consumer is currently spending all of her income on 10 units of goods A and 5 units of goods on B. The price of A is $4.00 per unit, the price of good B is $10.00 per unit, the marginal utility of the last unit of good A consumed is 20..
The _____ component of an attitude contains the feelings or emotions one has about a given object or situation.
The Center for Medicare and Medical Services reported that there were 295,000 appeals for hospitalization and other Part A Medicare service. Compute the probability that none of the appeals will be successful. Compute the probability that exactly one..
Let s be the savings rate, δ the depreciation rate and the production function be: y = Aka. If the share of labor is 2/3, calculate the steady-state value of k for each of the following: the product function is in per capita terms. Explain what the m..
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