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If both the demand for a good and the supply for a good increase, what will happen to equilibrium price and quantity? (Be careful, this is tricky.)
For most young people, working full-time and going to school are substitutes: you tend to do one or the other. When it's tough to find a job, does that raise the opportunity cost of going to college or does it lower it? When it's tough to find a job,..
Smith likes cashews better than almonds and likes almond better than walnuts. He likes pecans equally as macadamia nuts and prefers macadamia nuts to almonds. Assuming his preferences are transitive, which does he prefer:
Harold works for the Zanten Corporation. Ken is self-employed. Zanten pays all of Harold’s medical insurance premiums, whereas Ken purchases medical insurance from his insurance agent. Explain how the payments of Ken’s and Harold’s medical insurance ..
Describe how the Production Possibilities Curve (PPC) changes for a nation facing increasing opportunity costs for producing food and video games given the following events
If a firm has established monitoring devices that have a 50% chance of stopping shirking and an employee might gain $5000 from shirking, the employer can deter shirking by having employees post a bond equal to 2500, 5000, 10000 or 50,000
If the government collects a $5 per unit tax from sellers, how much will the quantity demanded change from the amount demanded before the tax? what price will consumers pay after the tax? what price will sellers receive after the tax?
Explain what each of these economic indicators measures and what the significance of the current data is for the economy.
If a $24 per share stock has a P/E ratio of 20 and pays out 40% of its profits in dividends, how large is its dividends? Also what is the implied rate of return?
To build trust among virtual team members, managers should Deep-six the egos
A set of earmuffs has an NRR of 30 dBA, and a set of plugs has an NRR of 20dBA. Workers in a car factory are exposed to 110 dBA for 8hrs. Workers wearing the muffs take them off for half an hour each day while working due to discomfort whereas plug w..
What type of compensation policy would you expect to observe in an industry with rapidly changing technology? Explain. Suppose you are the owner-operator of a gas station in a small town. Over the past 20 years, you and your rival successfully kept p..
Call Us demand function is Q = 70 – 0.25P; MC = 16Q and total fixed cost (TFC) is 22% of total revenue (TR) at the revenue maximizing level. (i) Derive the AFC (average fixed cost) at the profit maximizing level. (ii) What is the profit at the profit..
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