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Q1. Hillary proposes, instead, that she specialize in making clothing i.e. she'll do all the clothing production for the family; though, if all her time is devoted to clothing and they still desire more, then Bill can help with clothing production. Illustrate what does the household construction possibilities frontier look like now?
Q2. What is the combined consumer surplus for the 4 buyers if all the Spiders are sold for $840,000?
Q3. Explicate why the government expenditure multiplier is different from the tax multiplier?
Should the airline replace its night flight from LA with a morning flight as well as should the airline remain in business.
Explain why government regulation is or is not needed, citing the major reasons for government involvement in a market economy. Provide support for your explanation.
Find the output you should produce in order to maximize your expected profits so that you can then determine your expected profits accurately.
Discuss the pros and cons of annuities when compared with other financial instruments and whether they provide a better investment opportunity for some people.
How do the GDP per capita change after accounting for price indices. Why is it important to use price index adjustments.
DHL prides itself on having its own staff of more than 300,000 people spread across the globe, instead of relying on local agents.
Using a wholesale price of $4 per case in each state, calculate the breakeven output quantities for each alternative.
Economists argue that the move from barter to money increased trade and production. How is this possible.
Do sibs have the expected effect. Explain. Holding medic and feduc fixed, by how much do sibs have to increase to reduce predicted years of education by one year.
Under oligopoly if one firm in an industry significantly increases advertising expenditures in order to capture a greater market share, it is most likely that other firms in that industry.
Why is monitoring and controlling the project cost important for the success of the project.
A machine used to cereal boxes dispenses, on the average, ounces per box. What is the largest value.
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