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Suppose a woman marries her butler. After they are married, her husband continues to wait on her as before, and she continues to support him as before (but as a husband rather than as an employee). how does the marriage affect GDP? how should it affect GDP?
The demand for land is givven by the function: Qd = 2,500+ 20; and the supply is given the function: Qs= 1,000,000. Qd= quantity demanded, Qs= quantity supplied and P= Price. Solve for the equilibrium price and quantity in this market.
Illustrate what is the level of consumption at the equilibrium level of income. Compute the marginal propensity to save for this economy.
Suppose Firm X is a monopolist and is receiving positive economic profits. Illustrate what prevents other firms from directly competing away the profits.
Which factors of globalization is involving quality. How might globalization involve your product or service also organization as it tries to achieve quality.
Illustrate what economic cost will an owner of a family-run business or farm likely overlook when computing their "profits".
Describe absolute and comparative advantage. Explain the influences affecting foreign exchange rates.
Assume the farmer buys insurance that pays 3$ if it doesn't rain but costs 2$. Illustrate what is their consumption when it rains.
Elucidate the correlation between this increases also labor participation rates by gender over the same period
Explain how does the existence of money reduce the costs of making transactions, relative to a society based entirely on barter.
It comes to global expansion and setting up affiliates aboard, how is a service company's focus different from that of a manufacturing company
Assume there is a simultaneous increase in government expenditure also reduction in the funds provide.
Suppose the distribution of innate ability is distributed symmetrically throughout a population but which the wage distribution is positively skewed.
Elucidate the role of differentiation in the market for pizza. Then apply the feedback critique to the role of differentiation in the industry.
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