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In what way is a college degree a form of capital?
What is the opportunity cost of investing in this type of capital?
Is it possible for society to over-invest in this type of capital? Explain.
The law of comparative advantage recommends that countries specialize in those products in which they have a comparative advantage, not an absolute advantage.
The XYZ Co. sells widgets for $10 each. At that price it sells 200 per week. When it reduces its price of a widget to $9, it sells 250 per week. Calculate the price elasticity of demand. Is it elastic, inelastic, or unitary?
Suppose that you hire workers to address and stamp envelopes. Each worker earns $5 per hour and produces 50 addressed, stamped envelopes per hour. You have unlimited free office space and can therefore add as many workers as you want with no fall-..
In spite of the fact that firms do not make payments on resources they own, these resources still have an opportunity cost. How is this possible, and
As a budding entrepreneur, you have purchased a small bagel shop. You have engaged in a market study to categorize your customers' willingness to pay for a meal (coffee+bagel) into 8 equal sized groups: ($5.00, $4.50, $4.00, $3.50, $3.00, $2.50, ..
Key sets of labor market information include the monthly employment and unemployment numbers. The Current Population Survey (CPS) produces employment and unemployment statistics for the United States. All adult respondents are classified as employ..
Using the tools of analysis developed in this course, demonstrate that removing the subsidy will make consumers worse off but will nevertheless improve society economic welfare.
Country risk and currency risk are unique to international lending. In this context, please, discuss why country risk and currency risks are unique to international lending?
Illustrate what fiscal policy or policies would be the best to get it out of the recession
Suppose that the market for sweaters is perfectly competitive. The graph below shows the cost curves of a typical manufacturer in the market. Use the blue rectangle (circle symbols) to shade the profit that the manufacturer makes at a market price..
Name three other providers of urgent care services. Emergency departments, urgent care clinics, and walk-in clinics supply urgent care services.What sort of shift in supply or demand would result in a market equilibrium with higher prices and sale..
asume that Bob consumes goods x and y according to the following utility function, U (x,y) = 2x + 4xy + y compute Bob's marginal rate of substitution for good x and for good y. Is the MRS diminishing?
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