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In the first two to three years of its existence, your program encouraging entrepreneurship , which is a program focused primarily on individual entrepreneurial endeavors, has not created competition and controversy among regional leaders or communities, but the potential for disagreement lies just beneath the surface. For example, the retail economic expansion of the city where your university is located is taking customers away from the outlying rural shopping competition. In addition, the region's water supply is being stretched thin. You sense that it is time to build a regional vision for economic development. At the moment, there is little consensus among community leaders about need for such a regional program, but, hopefully, everyone will endorse it when it has been developed.
Define your role, or possible roles, in developing such a regional vision, outline and justify the steps you will take to establish a regional vision, and, suggests possible resources and how you might use them (this asking about where you may go for help)
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
The Australian government administers two programs that affect the market for cigarettes
How many tickets to sell to maximize total welfare.
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
Depict the von Neumann-Morgenstern utility index u in a diagram
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
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