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Choosing one priority area, what could be done to improve the performance of the United States of America. Pay attention to possible planetary consequences.
The firm is currently production 1000 units of output with K = 10 and L = 2. A this mixture of inputs, the MRTS is 8. The cost of labor is 8 and the cost.
When a binding price ceiling is introduced into a market, economists generally expect what outcome?
What would be additional effects follow from this initial effect. What is the total effect of the tax cut on aggregate demand.
A cable company spends on average $600 to acquire a customer. Annual maintenance costs per customer is $45; record-keeping and billing costs are $30 per customer per annum. Price of the basic service package is $30 per month. Typically, 40 percent of..
You have $12,500 to invest and you are considering investing in Fund X. The fund charges a fron-end load of 3% and an annual expense fee of 2.25% of the ending asset value over the year. You believe the funds gross rate of return will be 8% per year...
Elucidate the concepts of Comparative and Absolute Advantage. Compute the opportunity cost for each country.
Suppose you are the manager of a California winery. How would you expect the following events to affect the market equilibrium price (up or down) you receive for a bottle of wine? Please state the shift (leftward or rightward) of demand or supply.
From a driver's viewpoint, what is the optimal quantity of labor to supply?
Why is their a growing disparity between the rich and poor in the US? What are some of the reasons for this and what should the government do to bring about growing equality with income?
There has been extensive discussion of the "wealth effect." The argument goes that inflated stock values were partially responsible for the strong U.S. economy of the 1990's. Explain this linkage in words and then illustrate with an Aggregate Demand/..
Consider a market characterized by the following inverse demand and supply functions: PX = 40 - 4QX and PX = 10 + 2QX. Compute the surplus received by consumers and producers. Other things held constant, the higher the price of a good. Suppose both s..
1. Cyber-attacks could affect our business. 2. Disruptions in our computer systems could adversely impact our business. 3. We could be liable if third party equipment recommended and installed by us, i.e. smart home controllers, fails to provide ad..
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