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Explain to a martian what eigenprices are, assuming no academic economic knowledge or understanding of mathematical symbols.
Illustrate their standing in current economic theory and their application or lack of application to contemporary economic problems now facing the world.
Case study any global economic event or events currently or recently covered in the news media and write a critical essay applying the concept points
how many years will it take the dollar's purchasing power to be one half what it is now. if the general inflation rate is expected to continue at rate of 6% for an indefinite period
How much labour should be allocated to plant Alpha and to plant Beta? And, at the best allocation, what is the output produced?
Depict the equilibrium situation in the labor market using the Wage-Setting and Price-Setting relations and carefully label the graph. Use this model to illustrate and explain what happens to the natural rate of unemployment and real wages
Suppose that virtually everyone in the United States decides to take life a little easier, and the length of the average workweek falls by 25%. How will that affect GDP Per capita GDP How will it affect economic welfare
Clear Limited produces Plasma TV and distributes to retailers under her own house brand. Recent trend in market seems to favour adoption of TV using either LED technology.
The IT industry is full of patents. There are some companies, referred to as patent trolls, whom purchase these patents in hopes of making money by enforcing patents against alleged infringers. Determine the impact of government regulation
Find Total Revenue or profit
Research how externalities impacted the development of communication infrastructure- both positively and negatively and discusses a positive example of externality associated with the development of communication infrastructure and Explain why?
If you receive a free ticket to a concert, what, if anything, is your opportunity cost of attending the concert How does your opportunity cost change if miserable weather on the night of the concert requires you to leave much earlier
What is the price of money? Hint: interest rates. How are interest rates determined?
For many years, your company has been protected through patents, Technological change and introduction of new products have been slow.
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