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Give 2 alternatives and decide and explain your opportunity cost
1. The Philippine environmentalist is considering an order that a 100 acre of land in South of Batangas preserved in its natural state, because its area is home to small animal that is considered endangered species. Land developers had planned to build a housing development such as row house and other subdivisions.
2. The manager of start- up Motorbike Company is considering whether to manufacture typical motorbike or an electric bike for the next three months. Assume that the quantities of labor and other factor of production requirements would be the same for either type of motorbike.
3. A young lady who went to work as a assistant office staff in a company after graduating from grade 12 leaves her job to go to college , where he will obtain training to become permanent/ regular office staff.
1. What barriers to entry exist for the Monopolistic competition business model? 2. Describe the difference between Monopolistic Competition and Monopoly market structures.
Describe the Circular Flow Model. What are the five components of the circular flow diagram, as shown class? What are leaks and injections and how do they affect the economy? How are prices determined in the Circular Flow Model?
From an economic perspective for each of these four arguments for restricting trade, what are your views? Does free trade only destroy jobs? Why or why not? Is the national security argument valid or not?
Indicate two ways in which the framers of the United States Constitution were directly influenced by the thought of John Locke. Indicate one way in which they diverted from, expanded upon, rejected, or otherwise revised Locke's thinking.
Briefly explain the obligations of managers and business owners in regard to work health and safety and Outline at least two Occupational Health and Safety
Bring an example of production. (Any production in any industry) And clearly state which costs do you think will be fixed costs and which ones will be variable costs? Explain Also explain the explicit and implicit costs of the business? Explain
Using the debt-relief Laffer curve, make the case that debt relief can be in the best interest of both the developing and developed countries.
Assume the interest rate is 5.75 %. how much do you have to deposit each year make sure that 8,000 can be withdrawn for the 4 years?
Which of the following items are not considered resource costs even though they are counted as income paid to persons?
Explain each of these opposing statements, 1) The development of agricultural technologies was beneficial to mankind because it allowed more people to be supported; and 2) The development of agricultural technologies was harmful to mankind because it..
Is the yield on high-coupon bonds more likely to be higher than that on low-coupon bonds when the term structure is upward-sloping or when it is downward
A firm uses third-degree price discrimination to sell the same cologne under two different labels. The price elasticity of demand for `High Class' is -1.25. The price elasticity of demand for `Splash-This-Stuff-On' is -2. Which one of the following s..
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