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1. Explain the Pennsylvania Charter of Liberties
2. Argue and explain the separation of powers idea is not a new concept.
A furniture maker has an order for 98 identical tables. If the furniture maker estimates his learning curve at 82% and can reach steady production of 7 hours per table on the 6th table, how long should it take to make all the tables? Express your ans..
The current population of the United States is 318.9 million with 3% of the population is engaged in R&D at an efficiency rate of 1/500 per million persons per year. If R&D is the only source of total-factor productivity growth what is the growth rat..
Kinkead Inc. forecasts that its free cash flow in the coming year, i.e., at t = 1, will be -$10 million, but its FCF at t = 2 will be $20 million. After Year 2, FCF is expected to grow at a constant rate of 4% forever. If the weighted average cost..
Market equilibrium is thought to be efficient because the amount of social surplus or total surplus is maximized. Explain using economic terminology why pollution (negative externality) AND education (positive externality) leads to market failure...
1. What problems had Pat not anticipated when he took the assignment?
Explain how the corporate income tax leads to the double taxation of some income. Why do we allow corporations to subtract depreciation from taxable corporate
Accordingly, it is believed that the firm operates in a monopolistically competitive market. The demand function for its product is estimated as:
Euro zone as a monetary union, takes the most extreme form of a fixed exchange rate. Explain the cost associate with the monetary union and why may it be a bad idea for Europe?
A new health minister proposes to distribute an apple a day for free to every citizen. To be effective the legislation states that the free apples may not be traded or sold. Explain why this “no trade” policy would be inefficient.
If all the women in a country stay at home as housewives, are they counted in the country's labor force?
Suppose the marginal cost of production for a company is $6 at its current production levels. Suppose the price elasticity of demand is constant at -2 between prices of $10 to $15, if current prices are $10, is the company pricing at the correct opti..
Please describe one item in your life for each of the given categories and then explain why: elastic demand. unit elastic demand. inelastic demand.
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