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Assignment:
At the beginning of the class I told you that economics would teach you how to think, not what to think. Here is a chance for you to demonstrate what you learned about economic analysis.
Two of the main topics we studied in this economics class were opportunity cost and incentives. Choose one of the two topics below and respond to the questions.
The humorist, P.J. O'Rourke, said (tongue in cheek) that if we want to stop drivers from tailgating we should weld 6" steel spikes in the center of steering wheels pointing back at the driver.
Someone once said that economics tells us that disease should not be 100% eliminated from the earth.
With a week's work of labor, England can produce either 8 yards of cloth and 0 barrels of wine or 2 barrels of wine and 0 yards of cloth or in any combination lying on the line between these two points. What can be said about the price of wine at w..
What level of taxes is needed to achieve an income of 2,400? (Assume government purchases remain at 400.)
The firm's demand for labor is a derived demand. Explain the law of diminishing marginal returns and show graphically how it affects labor demand curves.
Select three barriers that the builders of the Hong Kong Airport had to overcome and discuss why they had to overcome them and how they accomplished it.
What was the basis for and the pattern of trade according to Adam Smith? How were gains from trade generated? The response must be typed, single spaced.
As shown in the I Love Lucy video clip, A Little Bit of Cuba and a Big Hunk of America are both in the restaurant market. Imagine the kind of market structure that restaurants in general operate in. a. Using the table provided in the AVP describing t..
McDonald's, Burger King, and Wendy's all produce hamburgers, among other things. However, if you prefer burgers from McDonald's, you might consider other burger
What type of chart is used to identify the relatively few factors that impact the performance of a manufacturing or service process? Provide an example.
Explain The act or state of team members ticking together tightly. Describe the most important insights about yourself in the group using the theories and models in this course and applying them to your insights.
The manager of a global opportunities for a U .S. manufacturer, who is considering expanding sales into Europe. Your market research has identified three potential market opportunities:
Performance outcome is measured by
a natural monopoly in these European countries?
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