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Many important economic theories develop as a result of particular economic crises facing societies. Can you locate any such cases with Thomas Malthus, David Ricardo, and Karl Marx? Would this apply to any developments in the last 50 years in the United States?
Plank's Plants had net income of $2,000 on sales of $50,000 past year. The company paid a dividend of $500. Total assets were $100,000, of which $40,000 was financed through debt.
Lawn mowing services are supplied by a host of individuals in the suburb of Westbrook-Algebraically determine the equilibrium industry price/output combination.
In practice, the government would have to be very knowledgeable to divide up the pollution abatement between the plants in the least cost manner. Tradeable pollution permits are one way to get around this concern. Briefly explain why.e. If polluti..
How does the existence of money reduce the costs of making transactions ,relative to a society based entirely on barter?English is becoming the usual language for international transactions, even if the language of neither country is English.How does..
The supply curve shows a positive relationship between price and quantity supplied. Elucidate role does the loss of increasing opportunity cost play in this relationship? What role does profit play in this relationship.
Select an economy that initially has a labor force of 2000 employees. Of these employees, 1900 are employed and each works forty hours per week. Ten units of output are produced by each hour of labor.
What does it mean for two goods to be "perfect substitutes" for each other for a consumer Why is the optimal bundle usually a corner solution when a consumer is choosing a bundle of perfect substitutes
How does this rationing method influence the incentives of individuals to supply goods, services, and resources to others?
Discuss market trends that General Motors organization/industry will face and address(discuss) how their prices and technology will change or will not change, and why.
How can I explain explain the market equilibrating process in relation to the following: Law of demand and the determinants of demand
Assume that a company maximizes its total profits and has a marginal cost. Find the price at which the firm sells the product.
Third National Bank has reserves of $20,000 and checkable deposits of $200,000. The reserve ratio is 10 percent. Households deposit $5,000 in currency into the bank and that currency is added to reserves. What level of excess reserves does the bank..
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