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What is the most important economic principle that the "Potato" example illustrates?
What can you infer about expected change in the exchange rate between the Canadian dollar and the U.S. dollar? A friend proposes a get-rich-quick scheme.
Assume that equilibrium GDP is $14 trillion & that potential real GDP is $16 trillion. Also assume that C = 900 + 0.8YD where C is consumption & YD is disposable income. How much should the government should cut taxes to move the economy to potential..
As per the mathematical laws that govern the relationship between average total cost and marginal cost, where must these two curves intersect.
A business with technology can be described by the production function y = 4z1^1/2 + 2z2^1/2 . Assume that input 2 is fixed in the short run: z2 = 9. Also assume that the firm faces output price p = 6 and input prices w1 = 2 and w2 = 6. Solve for th..
Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
Focus on the ethical dilemmas in testing drugs on human beings. How are those dilemmas changed—made easier or made more difficult—when the issue shifts to testing drugs on animals?
Entrepreneurship has become the new way of doing business in our world. With economies in decline and organizations downsizing and the lack of opportunities that satisfy, entrepreneurship has been born.
Discuss what you believe to be the three most difficult problems contributing to the gap between rich and poor countries. Be sure to provide solutions which you believe may resolve the problems you identify.
Assume that each musician could be earning $200 per gig if s/he would become a "portable disc-jockey". If the band produces 8 gigs, what is its economic profit?
Vision Technologies, Inc., is a small company that uses ultra-wideband technology to develop devices that can detect objects (including people) inside of buildings, behind walls, or below ground. The company expects to spend $2 million as an initial ..
An end-of-aisle price promotion changes the price elasticity of a good from -2 to -3. If the normal price is 10, what should the promotional price be?
How do fixed costs play a role in your analysis? What is the difference between shutting down and going out of business?
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