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Give an example of a good or service that is “intangible” (not a physical commodity) and is NOT shareable. Explain briefly why it cannot be shared. Give an example of a good or service that is shared in the production of the good or service that you gave as your example. Explain the sharing in the production process. What or who shares what?
Why do you think some economists were dissatisfied with the cardinalistic approach to the consumer theory.
Draw a graph of the Batman family's supply of loanable funds curve fro 1999. Show the influence of this change on the Batman's supply of loanable funds curve.
If the government starts welfare policy which pays B to all non workers and 0 to all workers, at what value of B will Mike opt out of the labor force and go on welfare?
Some games of strategy are co-operative. One example is deciding which side of road to drive on. It does not matter which side it is as long as everyone chooses the same side. Otherwise, everyone may get hurt.
blutarsky is throwing a party at his fraternity and is trying to choose how much beer and vodka to buy. a bottle of
Assume that a company has a budget of $12,000, that the wage rate is $10 per hour, and that the rental rate of capital is $ 100 per hour.
Retirement of baby boomers threatens the Social Security system because number of retirees will be relatively large compared to number of workers remaining by 2020
DeBeers Consolidated Mines markets about: 45 percent of the world's rough-cut diamonds. 33 percent of the world's rough-cut diamonds. 80 percent of the world's rough-cut diamonds. 55 percent of the world's rough-cut diamonds.
Elucidate effect would you expect an increase in the property tax rate to have on residential rents. Would you expect the effect to be different in the long run from what it is in the short run.
if the price of a medical visit is 300acalculate the equilibrium number of visits and total expenditures.b suppose that
"In the Solow model, an economy that starts with a higher stock of capital per capita will reach a higher steady state level of capital per capita"
Ben Bernanke has said that the Federal Reserve is going to continue its latest round of Quantitative Easing until unemployment falls to 6.5%. How fast will the economy have to grow to bring unemployment down to 6.5% by this time next year? Assum..
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