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Assignment:
Requirement 1: Assume that you were a small country, what would you rather have a comparative or absolute advantage with trading? Explain your reasoning.
Requirement 2: Make up an example of a monthly demand schedule for pizza. Give an example of something that would shift this demand curve, and briefly explain your reasoning. Would a change in the price of pizza shift this demand curve?
Imagine that your Learning Team is a group of international reporters. You have been tasked with describing and critiquing the current state of the U.S. economy.
Discuss the following statement from Principles of Economics: "Because the environment is fragile and natural resources are finite.
ABC Block Co. may buy a new machine that has a first cost of $10K. It will produce benefits for each of the next 6 years of $3000 while requiring $1400.
Suppose we want to use game theory to analyze how an oligopolist selects its optimal price. The cells of the payoff matrix show the profit that each producer can expect to earn by pursuing a single strategy.
Take a simultaneous increase in supply and demand curves and discuss what happens to the price and quantity now. Be thorough in your explanations.
Which of the following statements is true about the total utility provided by a good?
you have the following information on the marginal benefit and marginal cost of abating emissions of a given
Using the axes from a Lorenz curve, draw a. the Lorenz curve for perfect equality. b. the Lorenz curve for perfect inequality.
(a) What causes a movement along the demand for bonds schedule?
A certain college will automatically give a president's scholarship to any student who is in the top 5% of those taking the test. What score does a student need
Prepare an 875-word research paper as part of a marketing research committee for your organization about current microeconomic thought and theory.
Using a correctly labeled graph, draw and identify the form's average total cost curve (ATC), average variable cost curve (AVC), and marginal cost curve.
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