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Do you think that factory and manufacturing jobs that my family and probably many of yours once had to make a living (and not a zero-hour, on call retail job or a fast-food one, or a contracted gig with no benefits, or the "sharing economy") will ever return from China or Mexico?
Imperfect competition is the norm, so healthcare markets cannot work. Analyze this comment and explain your answer. The existence of market failure does not signal what should be done in response.
Many economists have attempted to create a set of social accounts that would come closer to measuring the economic well-being of the society than does GDP. What modifications of the current approach would you recommend to them?
You are a manager in charge of monitoring cash flow at a company that makes photography equipment. Traditional photography equipment comprises 40 percent of your revenues, which grow about 2 percent annually. If the own price elasticity of demand for..
A perfectly competitive producer has the following short-run average cost curve and marginal cost curve:
XBC Inc. is planning to buy a new car. Model A costs $22,000 and is expected to have a life of 4 years. Model B costs $35,000 but it is expected to last 6 years. The salvage value is expected to be 10% of original cost for either model. Using annual ..
If a perfectly competitive firm and a single price monopolist face the same demand and cost curves then the competitive firm will produce a
What do the monopolistic firms and the Trans Pacific Partnership (tpp) have in common and how the monopolistic firm will be effective. Will the profit increase or decrease.
What is ethnocentrism? What is one belief you have as an American or as a member of another country that shows ethnocentrism? What can you do to avoid ethnocentric thinking? in 100 words or less.
The difference between the price the firm sells a good for and the price it paid other firms for intermediate goods is called. The annual charge that estimates the amount of capital equipment used up in each year’s production is called. Which of the ..
Suppose a firm in a competitive industry faces an equilibrium product price of $2 per unit of output. Table A provides information on the output produced by various amounts of labor. Briefly explain why the marginal revenue produce of labor (MRP) wil..
Computer Colleagues, Inc., wants its name on the computer engineering building planned for the campus. For naming, the university requires
.Compute by how much monetary policymakers mllst change the nominal money supply for the expectations of firms and workers to be realized.
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