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How is economic growth is measured? Which factor of economic growth is the most difficult to measure accurately? Make recommendations on how the factor you identified can be measured more accurately.
What are the equilibrium quantity and price? How much consumer surplus exists in this market? If a $2 excise tax is levied on this good, what will happen to the equiilibruim price and quantity? What will the consumer surplus be after the tax?
Suppose a new law establishes a minimum teacher salary that is 20 percent higher than the prevailing salary. How would you expect this law to affect the average quality of teachers and the taxes paid by the typical household
In a few weeks Professor Smith will be taking his daughter Attilla to the State Fair. Calculate the Marginal Rate of Substitution (MRS).
A certain country has a very centralized collective bargaining, under which wage bargains are applied nationally. This country is thinking about adopting a bargaining structure that is more decentralized so that wage bargains will be made.
Explain in a nontechnical way why demand is elastic in the northwest segment of the demand curve and inelastic in the southeast segment.
What are the two effects of every price change Given two goods, "x" and "y", if the price of "x" increases (all else equal), what do each of the effects say will happen to the consumption of "x"? After the change, what can we say about the quantit..
Your firm operates three plants. The cost functions vary across the three plants. Plant A: Marginal Cost = 6Q Average Variable Cost = 3Q Average Fixed Cost =1000/Q Plant B: How much output should be produced at each plant?
Discuss the market for pharmaceutical drugs. Is the market for pharmaceutical drugs an oligopoly market or a monopolistically competitive market. Discuss the importance and cost of research and development. Does every drug pay off.
Calculate the predicted 2001 operating benifit for Con Agra and the percentage increase in operating profit.
Illustrate a range of factors which might determine whether an internal or external strategy is pursue such a growth strategy.
A team of minor league baseball is trying to predict ticket sales for the upcoming season and is considering changing ticket prices.
Gary and Diane must prepare a presentation for their marketing class. As part of their presentation, they must do a series of calculations and prepare 50 PowerPoint slides. It would take Gary 10 hours to do the required calculation and 10 hours to..
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