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"What is Economics?"
1-Identify a recent purchase that you made and determine how scarcity influenced your purchase decision.
2- Give an example how scarcity of a product would have an impact on a macroeconomic and microeconomic level. Explain your rationale.
"Principles of Economics"
3- Analyze what your opportunity costs have been in terms of personal resources that you have given up in order to take this course at Strayer University.
4- Explain two ways in which you applied the use of marginal cost and benefit to your decision to pursue a college degree.
In the short run a firms total cost of producing the hundreth unit of output equals $10,000. If it produces one more unit its total costs will be $10,150. whats the marginal and average total cost of the 101st unit and whats the average total of 100 ..
In a class of 40 student,18 pass maths, 19 pass account,16 pass economics 5 pass maths and account only, 6 pass maths only, if each student pass at least one of the subject.Calculate the probability that a student selected at random fail in account.
What nation would you choose to trade with and why.
Why do you suppose the federal government gives special treatment to owners of fertile farmland rather than, say, automobile mechanics?
our friend wants to pay off her two debts in a single payment. the first debt is 570 due in 8 months and the second is
1) Why are Cost Minimization and Profit Maximization on paper the same but in application different 2) What are movie subsidies and why are they more inefficient than other government aided investment 3) Why do Green laws undermine the idea of deflat..
suppose a person defects from cuba (a country that generally disregards the use of markets) to the united states and asks to see a market in action. when would you take her? did you give her a complete showing of this market?
Assume a randon variable x, that is uniformly distributed between 25 and 50. a. What is the mean of x? b. What is the standard deviation of x? c. What is the probability that x is between 28 and 37?
In your own words, discuss the economic purpose of OPEC. Illustrate what has happened to oil prices over the past five years.
In each equation, Q denotes the number of travelers of each type who stay at the hotel each day, and P denotes the price of one room per day. The marginal cost of serving an additional traveler of either type is $20 per traveler per day.
Wall Street responded by increasing SkyWest's market valuation from $143 million to $1.1 billion after the arrangement was made. Explain, in economic terms, how this arrangement with Delta and United could have caused the value of SkyWest to incre..
Obtain annual data for a series of economic indicators from the ABS National accounts database. The economic indicators you are required to research are annual growth rate for GDP
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