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How would each of the following events likely change measured GDP?
(a) The sale and use of marijuana is legalized.
(b) There is an increase in sales of counterfeit video games.
(c) A foreign-owned furniture manufacturer opens a production facility in Toronto.
(d) More people choose to forgo their lawn maintenance services to take care of their own yards.
What is the relationship between marginal physical product (MPP) and marginal cost (MC)? Provide an example(s).
Do you agree or disagree with Professor Goldman's argument? What can Wikipedia do to combat the challenges of information vandalism and copyright/plagiarism issues?
Illustrate what happens if there is an raise in demand that increases the price of the firm's product by 10%.
Find the average time per unity required to produce the first 30 units, if the slope parameter of the learning rate is 92% and the first unit takes 460 hours.
List and describe the recessions that have occurred since 1949. Examine each of those recessions and explain which recession was the most severe and which one was the least severe.
For each article prepare one quarter of one typed page as a summary of the article and use the rest of the three quarters of the page for your opinion and how it relates to the class discussion.
Why do most economists believe that cutting taxes (supply-side incentive) will not increase tax revenues
1. For each price combination, compute the price ratio and find the corresponding least-cost ration.
In the classical model of the labour market, voluntary unemployment will increase if
Describe the point price elasticity of demand. What is the new point price elasticity if price is raised.
The manager of a car wash in Washington charges Alabama residents $10. The manager believes that the price elasticity of demand of Alabamans is -1.5. The manager is considering offering senior citizen discounts. How much should the manager charge if ..
Suppose two countries A and D use many inputs. Country A exports tractors and imports televisions. Assuming there are no economies of scale, which of the following statements is true?
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