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What economic factors would affect a firm's desire to enter and exit a market? What are the market signals that would tell a firm that it is profitable to enter or exit? If possible, use a real-world example from current or recent economic events.
In this question, you will explain the impact of employment and unemployment in a free market economy. The country of France legislated the maximum length of a workweek. Every election season, the Affordable Care Act commonly known as OBAMACARE, beco..
Research the group members identified in the video "Hackers: Operation Get Rich or Die Tryin'"-Albert Gonzalez, Stephen Watt, Damon Patrick Toey, Humza Zaman, and Christopher Scott. Pick a member of the gang and describe his motivation when he sta..
If Robinson Crusoe can, either shoot 5-wild geese or catch 15-fish, on average, for every hour of labour effort. i.e. opportunity cost of shooting one wild goose is three fish.
Consider this claim: “Markets are a good way to organize an economy as they guarantee that the allocation of resources in an economy will be efficient”. Define what is meant by an efficient allocation, then with the aid of graphs and accompanying int..
Suppose that $2100 is set aside each year and invested in a savings account that pays 8% interest per year, compounded continuously. Determine the accumulated savings in this account at the end of year 26
Suppose the equation for the demand curve for some product (X) is P = 8 - .6Q and the supply curve is P = 2 + .4Q. Graph the curves and label the area of the graph which represents the tax collection as TC and the area representing the deadweight los..
Suppose the government sets an effective price floor (that is, a price above equilibrium) in the market for oranges and agrees to buy all oranges that go unsold at that price. The oranges purchased by the government are discarded. Illustrate the numb..
Suppose you make an annual contribution of $150 each year to a college education fund for a niece. She is 4 years old now, and you will start next year and make the last deposit when she is 18. The fund is a money market account earning 6.5%/year. Wh..
To test her hypothesis, she collected a simple random sample of 100 starting clerical salaries from across state and found that sample mean is $29,750. State appropriate null and alternative hypothesis.
One of the most striking aspects of cities in the former Soviet Union is the poor condition of public places. Streets, parks, libraries, museums, concert halls, and public gathering places of every description are all in very poor condition, revealin..
Using the course software, develop a simple JavaScript® element for your website and develop a website maintenance plan. Validate your HTML code using the Markup Validation Service on the W3C® website, (www.w3.org) prior to submitting your web page(s..
Compared to Netflix, Blockbuster had very little data on their customers, or understanding of their preferences or behaviors. Which Netflix advantage had the most impact on Blockbuster’s business model becoming disrupted?
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