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Shopping malls and centres are well -decorated with Christmas decorations around December every year. (a) Can Christmas decoration in a shopping centre be called a public good ? Explain. (b) How likely is it that the voluntary donations from shop-owners in a shopping centre are used to pay for the cost of the Christmas decoration? Explain.
Describe key areas of the selected company's code of conduct that are of significant importance to the business, and explain why - Explain the key steps that the company should take to ensure that employees follow the code of conduct.
Dene producer surplus. Using a graph, illustrate producer surplus for a rm with an avoidable fixed cost. Why is it convenient to focus on producer surplus when analyzing policy changes?
Consider a firm using labor and capital as its only inputs. The price of capital is $40 where the price of labor (wage) is $60. Using 500 units of labor and 500 units of capital the firm is producing 1200 units of output. At this mix of input the fir..
You pay $500,000 for a house and the land that it is on. The land is valued at $195,000 and the house is valued at $305,000. You decide to demolish the house ($20,000 demolition cost) and build a go-cart track at a cost of $750,000. What is the cost ..
q. suppose a government has no debt and a balanced budget. suddenly it decides to spend 1 trillion while raising only
The Fed has conducted quantitative easing for about 6 years: QE1 – QE3 and has increased the size of their balance sheet more than 4 fold. Discuss the level of bank reserves, excess reserves and cash in the system and why this has not lead to massive..
Cournot Duopoly). Suppose there are two firms, Firm 1 and Firm 2 in a market. Each firm simultaneously chooses a quantity of output to produce (q1 and q2). Total market output is given by Q = q1 + q2. What is the deadweight loss in this market?
What analysis might a manager do to learn more about a specific company or industry? Please provide at least three examples. What role does trade have pertinent to how an organization plans strategically?
Use an appropriate economic theory to explain why Kobe Bryant might employ someone to answer his fan mail even if he can read the letters and type the responses more quickly than the person he employs?
If debt accumulates too fast and investors start to worry about [higher risk of default/ higher government revenues/ reduced risk of default], we can suppose that the [price of the government’s bonds/ the effective real interest rate paid to bondhold..
The slope of the total product curve measures. The Law of Diminishing Returns to a variable input (such as labor) assumes that. The ratio of total productivity to the total quantity of a variable input being used in production is
Do you think that the world could benefit from a more modern day equivalent of a Bretton Woods conference?
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