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Explain what action learning sets are and how they work. Provide two examples of how action learning sets could be used. What are the advantages of action learning sets when compared with other learning facilitation methods?
Assume that the demand for plastic surgery price is inelastic. Are the following statements true or false? Explain your answer
a. Graph the demand and supply curve. b. What is the consumer surplus and producer surplus?
The short-run production function of ACME Widgets Inc. is given by q = 40(2L − 8)^(3/4, where q is the number of Widgets ACME produces in a month, and ` is ACME’s monthly labor input, measured in $1000’s. Find ACME’s labor-elasticity of output as a f..
Write a 3-page or so (approx. 750 word) personal review of the documentary: Niall Ferguson Civilization: The West and the Rest 2011 BBC series.
Assume that the United States trades exclusively with Mexico and that the exchange rate between the U.S. and the Mexico is flexible. Assume that Americans desire more goods that are made in the Mexico. Show and explain how this change in demand will ..
Suppose the marginal propensity to consume (MPC) is 0.8. Compute the government purchases multiplier and the tax multiplier. If the government raises G by $500 billion, how much does GDP change by? If instead the government reduces taxes by $500 bill..
Suppose there are two firms in a market who each choose a quantity of output to produce. Firm 1’s quantity is q1, and firm 2’s quantity is q2. Firm 1 chooses their quantity, q1, first. Firm 2 observes q1, and then chooses their quantity, q2. How muc..
Comment on the difficulty of calculating opportunity costs (the economic concept) as compared to accounting costs (explicit costs). Do you have any suggestions for making the calculation of implicit costs easier?
As an employee, would you prefer to participate in a defined-benefit pension plan or a defined-contribution pension plan?
Consider the following facts. After the age of 25, persons with college degrees earn more than persons with no education beyond their high school degrees, ceteris paribus. Moreover, persons with high school degrees earn the same as persons who have h..
What are the characteristics of the 4 market structures (# of sellers, barriers to entry, pricing strategy, product differentiation, and examples of each)?
Explain why Marginal Cost must pass through the minimum point on the Average Total Cost curve.
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