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Explain how an increase in income would affect the level of health in a relatively affluent country like the United States compared to a relatively poor country like Haiti. Be specific regarding the various factors that influence health and how they may differ in these countries.
Explain your findings of the demand and supply microeconomics concept of Apple Inc. and the implications to their sustainability. Also, explain how it would be applied to the firm where you work or the type of firm you hope to work for in the futu..
Graph the demand curve, and give some verbal interpretation. Compute the intercept and slope of the demand curve. Use the calculus formula to calculate the point elasticity at the price of $4.00. Give a verbal interpretation of this elasticity. Is th..
Home's demand curve for wheat is P = 40 - 1/2 (QD) and supply is p = 10 + 1/2 (QS). Illustrate graphically the different economic effects if citizens of home are allowed to buy the wheat in foreign markets and the world price is $20. Compute the econ..
Elucidate what happens to the official measure of GDP in each of the following situations.
Ben and John like cookies C and roads R. Their respective utility functions are defined as follows: When they take their decisions separately, how much roads do Ben and John decide to consume? What is the socially-optimal level of road consumption?
In the 1950s, imports and exports of goods and services constituted roughly 4% to 5% of U.S. GDP. In recent years, exports have accounted for approximately 12% of GDP, while imports have more than tripled to over 15% of GDP. International trade agree..
A firm's current profits are $450,000. These profits are expected to grow indefinitely at a constant annual rate of 3 percent. If the firm's opportunity cost of funds is 6 percent, determine the value of the firm: The instant before it pays out curr..
CP3 corporation considers buying $7,300 machine to 3-D print shoes. The machine will have a 3 year useful life and $1,000 salvage value. The corporation will use the straight-line depreciation method. What is the book value of the machine in year 2?
What is the different between anticipate and un anticipate inflation? Describe when the government surplus a deficicit. Also draw loan able graphs to explain your answer.
Andrea’s Day Spa began to offer a relaxing aromatherapy treatment. The firm asks you how much to charge to maximize profits. The demand curve for the treatments is given by the first two columns. The total costs are given in the third column. For eac..
Please consider the case of oligopoly. Are there actually such firms in the U.S. economy? What is their relative importance compared to other types of markets? (Absolutely no need to do research on the Internet; some casual observations will be adequ..
When your income goes up to $50,000 from $40,000, demand for Scotch Whiskey increases from 500 to 600. Calculate income elasticity of demand.
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