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How does a consumer's optimal choice of goods change if all prices and the consumer's income double? (Hint: focus on the budget constraint. You don't have to, but you can use an example to support your answer).
Output is produced according to a production process given by: Q = 4LK, where L is the quantity of labor input and K is the quantity of capital input. If the price of K is $10 and the price of L is $5, then what is the cost-minimizing combination of K and L capable of producing 32 units of output?
Suppose that the learning effect coefficient in the production of wrist watches is -0.2. If the average cost of producing the first watch is $100, what will be the average cost of producing the 40th watch?
What Is the pros & cons of giving the FDA more authority over pharmaceutical and marketing companies?
you have been hired as a consultant by your local mayor to look at the various market structures. your role is to
Communications professor John Marston proposed a four-step model of the process through which public relations can influence public opinion.
Draw a PPC Graph and display an Increasing Production Possibilities Curve and identify two reasons that cause the curve to shift?
Discuss how well these observations are explained by the modern classical model, the new Keynesian model, and any one other Keynesian model of your choice.
What is the lowest price that Pat would accept for the firm?
Draw the probable 'production possibilities curve for an economy which produces 'Capital' goods and 'Consumer' goods. Assuming that the Economy is producing approximately twice the level of customer goods as opened to Capital goods, indentify this pr..
If the way wages were fixed in that job does not correspond to the neo-classical theory, is there another theory, among the ones we talked about in class, that would explain it better (i.e. another theory that could explain the way wages were set)..
Explain the intended purpose, or role, of the Annual General Meeting (AGM), and discuss whether the AGM fulfils that role. In your response consider challenges of shareholder engagement and the impact and effectiveness of the ‘two strike rule'.
GM Company is considering opening a dealership in Germany, but is unsure ifit can earn an 8% rate of return that is promised by an alternative investment (of similar risk).The initial outlay for a dealership office would be $400K, and another $220K w..
Explain how the government can reduce each type of negative externality. Limit your entire response to 1 paragraph.
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