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Question: During times of high demand for aglets, the demand curve (MRP curve) foraglet makers is given by P = 8 - Q. During low demand, the MRP curve is given by P = 6 - Q. Micropolis has a fixed number of aglet makers who inelastically supply labor, so the supply of aglet makers in Micropolis is given by Q = 3. Macropolis has a large number of workers who can easily retrain as aglet makers, so the supply of labor in Macropolis is given by P = 4. There is a 50% chance of high demand and a 50% chance of low demand. Compute the aglet factory's expected profitin Macropolis and Micropolis. In which city should the aglet factory locate?
For this assignment you are to create a PowerPoint document that provides a basic economic profile. What is its GDP and GDP per capita and where does it rank in terms of each?
A proposed bridge would cost $4 million to build and $180,000 per year in maintenance. The bridge should last 40 years.
Explain free market capitalism. Describe creative capitalism. Explain the three advantages of creative capitalism in relation to businesses.
Explain the issues, challenges, or disadvantages to forming a strategic alliance. Give an example to provide a context to your discussion.
An employee can make one ski every two hours, it costs $1100 to hire someone, $2100 to fire someone. Stoarage costs are $10 per ski per month.
On a supply and demand chart, what would the slopes have to look like for a consumer to pay the whole amount of an excise tax equal to exactly the cost of the tax instead of splitting it with a producer?
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James is a 35-year-old economic consultant who eagerly anticipates the day he will retire from his job and move to a lovely, but expensive, vacation spot, complete with beachfront property and a yacht. James gets income from labor income and investme..
what are the basic objectives of monetary policy? comment on the cause-effect chain through which monetary policy is
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High Flyer Airlines wants to build new airplanes with greatly increased cabin space. This will allow High Flyer Airlines to give passengers more comfort.
The Able Corporation is considering the installation of a small electronic testing device for use in conjunction with a government contract the firm.
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