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If there is an industry and some of the companies get shut down, how would you graph the short run and long run effects? At first I was going to shift the AC curve down, but that would increase supply.
1. George has a utility function xy+2x. He has 60$ in his pocket. x cost 4$ and y costs 2$. What is the optimum bundle?
Given the above information: Who has the comparative advantage in the production of radios? Who has the absolute advantage in the production of radios? Who has the comparative advantage in the production of zippers
What is the optimal distribution of income if the social welfare function is additive?
Imagine a society that reduces military good and customer goods, which we will call “butter” and “guns”. Draw a production possibilities frontier for butter and guns. Using the concept of opportunity cost, describe why it most likely has a bowed-out-..
Perfect Competition is a model of which examples are few and far between. Yet economists love to discuss this model. Explain why.
What motivated the producers of those individual products to make them and offer them for sale How did the producers decide on the best combinations of resources to use Who made those resources available and why
Gamma Corporation, one of the firms that retain you as a financial analyst, is considering buying out Beta Corporation, a small manufacturing firm that is now hardly operating at a profit. You recommend the buyout because you believe that new managem..
Identify 4 threats caused by globalization. Explain how globalization affects the gross domestic product (GDP).Explain your thoughts on globalization in your own words (e.g., is it bad or good Why or why not Does it affect all countries).
Signaling Suppose that both employees and employers view GPA as a signal of quality. Suppose that with no effort, each earns a 2.7 GPA. The opportunity cost for a high-skilled worker to improve his/her GPA is $6,000 per 0.1 points.
Evaluate forecast sales in the selected country. Describe how your chosen country's current credit market conditions affect demand for your product or service and your planning or operating decision for your production in that country.
your uncle repays a 100 loan from goliath national bank by writing a 100 check from his gnb checking account. use
Questions will involve your analysis of the advantages of a competitive market to both producers and consumers. Use the concepts learned in the chapters on perfect competition, monopoly, and imperfect competition to answer the questions.
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