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An important law in economics is the "Law of Diminishing Marginal Utility". Discuss what this law is and provide an example of diminishing marginal utility you've encountered recently.
Show how the economic concept of price discrimination is implemented in the airline industry and reflected in airline pricing.
After considering the characteristics of each alternative economic system coupled with your recently expanded knowledge of our capitalistic economy.
Explain what a budget deficit is. Describe how under the Keynesian model budget deficits increase aggregate demand. Evaluate whether or not fiscal stimulus will increase or decrease economic recovery. Explain.
q1-you are on the board of directors of a nonprofit art museum supported by donations from wealthy members of the
Compute the firm's optimal levels of period-1 investment and period-2 profits. State the maximization problem of the representative household.
After estimating the forecast for year 6, compute the seasonality index for each month of the year and estimate the monthly demand for year 6.
In the short run, capital is a fixed cost. Draw, for a few different values of K, what the short-run average cost, SRAC, looks like in relation to the long-run average cost.
Suppose a friend of yours offered the following argument: " A rightward shift in Demand will cause an increase in price. This increase in price will cause
Evaluate the following statement: Comparative advantage will benefit all people because everyone has a comparative advantage in something
Advising a developing country: Suppose you are appointed the international economic adviser to a small developing country.
Is implicit cost inherently an estimate or can it be quantified? And who is the primary person responsible for these estimated quantifications?
an airline ticket costs the same from casper wyoming to denver colorado and from denver to orlando florida. does this
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