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In Lesson 9 there was a link to a website, that included a video, that discussed the development of solar power as an alternative energy. The solar array that was shown utilizes a lot of space but do you see other problems associated with this method of creating energy. What do you see, if any, as the limitations of wind power. What do you believe could be an alternative for coal power and how might it be effective as a suitable replacement?
Suppose that the pre tax price of gasoline is $1 per gallon. A tax of $0.50 is imposed and is paid by consumers to the government. What must the gross price of gasoline be after the tax so that the consumer tax burden is equal to the producer tax bur..
The most anyone is willing to pay for another purse is $30. Currently the price of a purse is $40, and the cost of producing another purse is $50. The marginal benefit of a purse is
Suppose the firm's profit maximization problem is to choose the labor input N so at to maximize: π = zF(K,N) – wN, where the firm's production technology is given by Y = zF(K, N) = zK^α*N*(1-α) , and 0
Other things equal, increasing home prices tend to:
You are involved in the recruitment process to hire a receptionist for your organisation. Why might it be necessary to develop and use appropriate person and position descriptors when doing this? (200 words)
From the list below, select the correct definition of inflation.
How does lower and middle management decision management differ from upper-management in terms of basic economics.
How might the United States have been different if the Whigs had driven government policy in the early 1840s? What might have happened to American/Mexican relations?
Differentiated Bertrand. Consider a Differentiated Bertrand model in which demand is given by q1 = 100 – p1 + p2 and q2 = 100 – p2 + p1 for firm 1 and firm 2 respectively and where both firms faced zero fixed costs and constant marginal cost = c. Sup..
Using the supplemental readings from Week IV describe what you think would have been the reaction of Georg Simmel to the iPod and 'Smart Phone'. Also,using one of the three secondary source readings (1900; From these Beginnings; "Mark Twain"; or Edwa..
Explain how income distribution is measured and discuss its effects. How income distribution is measured using a Gini coefficient? Is a less equal distribution of income good or bad for a country’s economic growth?
Megan used to work at the local pizzeria for $15,000 per year but quit to start her own deli. To buy the necessary equipment, she withdrew $20,000 from her inheritance (which paid 8 percent interest). Last year she paid $25,000 for ingredients and $5..
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