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Quesiton: Economic historians have determined that it took about 40 years from the harnessing of electricity for industrial power until it had a significant impact on productivity growth. The same argument is now being used about microcomputers and the internet, the claim being that the biggest gains in productivity from these new developments have yet to occur. Explain why you think that hypothesis is valid, or why not.
Are you interested in the economy? How important is the economic situation in your daily life - Do you think it is important to be knowledgeable
Conduct some research and apply what you have learned about cost analysis and production to hypothesize about why this might be
In San Francisco, 30% of workers take public transportation daily
imagine that you work for the maker of a leading brand of low-calorie microwavable food that estimates the following
The availability of jobs at higher real wages motivates many people to migrate—legally or illegally—to the United States. Other things being equal, what impact would a large influx of immigrants have on real wages? What impact would it have on real w..
what is the least-cost input-combination of labor and capital and how much output is produced with that set of resources?
When doing your analysis of each ratio you need to identify the trend implied by the 3 years of ratios, include the actual ratios in the analysis, and discuss the positive or negative consequences of the trend.
Suppose you collected data on the average number of text messages sent per month by 300 randomly selected teenagers over 2009 and 2010 and found the sample meanwa
In early 2008, you purchased and remodelled a 120-room hotel to handle the increased number of conventions coming to town. By mid-2008, it became apparent that the recession would kill the demand for conventions.
Suppose that U = min{2X, 0.5Y}, where X is units of good X and Y is units of good Y. The price of good X is $1 and the price of good Y is $2. What is the minimum expenditure necessary to achieve a utility level of 100?
On January 1, 2002, Germany officially adopted the euro as its currency, and the deutsche mark stopped being legal tender. According to an article in the Wall Street Journal, even 10 years later many Germans continued using the deutsche mark, and ..
Determine the equilibrium price and quantity. Plot the demand curve for the firm. Plot the corresponding supply curve on the same graph using the following MC / supply function Q = -7909.89 + 79.1P with the same prices.
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