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Assignment: Journal
• Economists argue that successful business depends on creating sustainable and effective supply and demand networks. If you own (manage) a business, how do you create effective demand and effective supply to maximize profit?
• There are pros and cons of relying on various policy instruments. Assume there is a proposal to raise tax revenue in order to make workers better off. The proposal includes raising the payroll tax paid by firms to use part of the extra revenue to reduce the payroll tax paid by workers. What are its pros and cons? Explain.
if a pool of workers 60 are low-productivity workers with an estimated present value of lifetime output equal to
explain the difference between absolute advantage and comparative advantage. which is more important in determining
The Highland Commodities Company is a typical firm in a perfectly competitive market has a cost structure described by the equation: C = 25 - 4QF + Q2F where QF is measured in thousands of units.
The demand for boobles can be written as: Q = 11,000 - 8P. Calculate the price and quantity at which total revenue is a maximum. What is maximum revenue?
In the market for corn the supply curve is QS = -2 + P and the demand curve is QD = 10 - P. Solve these for equilibrium price and quantity.
Calculate the price, quantity, and profit for each segment if the amusement park charges a different price in each market. (Hint: calculate profit at each price in the adult market, then in the child market, and choose profit maximizing in each. Usin..
In no less than 100 words, discuss the economic costs of keeping customers waiting. How will this affect your choice of a forecasting model?
Calculate the effective rates of protection in Pacifica for the production of (i) canned baked beans and (ii) canned tuna.
List specific changes that Apple has made to its Code of Conduct in recent years. Provide at least one example of each change.
What are the basic objectives of monetary policy? Comment on the cause-effect chain through which monetary policy is made effective.
Your cousin Jeremy has asked you to bankroll his proposed business painting houses in the summer. He plans to operate the business for 5 years to pay his way through college.
What does "least squares estimates" mean? What is being estimated? What is being squared? In what sense are the squares "least"?
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