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Imagine that you have a high-paying job at an important law firm in town. After a meeting across town, you decide that you would rather walk back to the office than take a cab. Taking a cab costs roughly $20 and would have you back at the office in 10 minutes. The walk takes 70 minutes. When you get back to the office, your boss chews you out and says that your decision was not ratibnal. You argue that by not taking a cab you saved the firm money. Who is likely correct in this argument and why?
Analyze the policies a developing country could adopt in order to improve its world economic ranking.
What is the marginal profit and total profit of a wage that is equal to $80 and an output that is equal to $3?- provide with the MRP-W labor market diagram
Discuss how government policies can influence economic growth. Analyze how monetary policy could influence the long-run behavior of price levels, inflation rates, costs, and other real or nominal variables.
Find the following: First solve this problem using an Excel spreadsheet approach and then do the problem using the optimization procedure; compare the answers for the two methods.
ABC private limited as given the dividend of $5 last year and has promised to increase the dividend by 8% each year for the next four years.
Write another Python program that generates exactly the same output as the program above, but by using a while loop.
This is typically the kind of research that would be handled by our legal department but they are currently swamped with defending a lawsuit bought against us because of the unfortunate actions of one of our consultants and reduced resources cause..
Suppose theres IS curve ( Real Interest rate vs. Short-run output) and Phillips Curve(Change in Inflation vs. Short-run Output).
ECON2020-05 Microeconomic Principles - Which of the statements uses the concept of equity to argue against the legalization of casino gambling - draw the U.S. supply curve for oil. Properly label your line.
What is the difference between Gross Domestic Product and Gross National Product - how inflation can have redistributive effects in the economy
A company deposits 2000 in the bank at the end of every year for 10 years. The company makes no deposits during the subsequent 5 years. If the bank pays 8% intereest, how much would be in the account at the end of 15 years?
What is "Fracking"? What are the "costs" (including social costs and externalities) of Fracking, and what are the benefits? Do you think that government regulations are needed to ensure that Fracking only happens if the benefits exceed the costs? ..
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