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Assignment:
Listen to this podcast about the market for human organs. Is there currently a surplus or shortage of human organs available for transplant? Using the demand/supply framework, explain how legalizing the trade for human organs will help move the market towards an equilibrium.
Show the PPF-Budget Constraint-Indifference curve diagram for H and for F in this free trade equilibrium.
Economists in the ministry of agriculture in Kwale County
You are a manager for a firm in an industry where prices have been flat for the past several years. The rate of inflation now rises from 2% to 4%.
Inferring How might major events such as labor strikes affect you and your community? Select a possible event and write a brief paragraph about the potential.
Assume your elasticity of demand for your parking lot spaces is -.05, and price is $20/day. If your MC is zero, and your capacity at 9 a.m. is 96% full over the last month, are you optimizing?
What was behind Apple's decision? Do you agree with it - despite the fact that only a small portion of the cost of an iPhone was labor expense.
Using the data in the table and on your graph, what is the profit maximizing, or loss minimizing level of output? Explain and justify your answers.
Identify a business of interest, suitable to start and has marketappeal - Summarize the feasibility analysis and the overall likelihood of success.
an economist might say that collage and universatys "produce" education, using facility members and students as inputs. According to this line of reasoning, education is then "consumed" by house holds. Construct a circular-flow diagram like the on..
Describe the major characteristics of monopolistic competition and oligopoly.
If the price of one of the bundles of good rises, what information is needed to calculate the impact on demand for each of the bundles of goods?
1. Explain Mill's description of the stationary state and how it differs from Smith and Ricardo's descriptions. 2. In what ways did the Utopian Socialists seem to influence the PE thought of John Stuart Mill
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