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The National Collegiate Athletic Association (NCAA) does not allow its members to play against schools that the NCAA does not certify. Is this a good idea? Why or why not?
GDP is the major economic variable used to measure the health of the economy; indeed, as we learn, recessions are defined based on the direction of change in GDP. GDP is a difficult measure to construct, as certain transactions and expenditures are n..
Borrowing in the form of debt is riskier than borrowing in the form of equity. Explain why this is true.
What would happen to the demand curve if the major taxi companies lowered their prices? If you were asked to forecast future demand for this firm, how would you set up a forecasting model?
Why short run aggregate supply curve is positively sloped? Why long run aggregate supply curve is vertical? Depict graphically the equilibrium in the aggregate demand and aggregate supply model? Explain how short run aggregate supply shifts affect th..
The reason economists use the midpoint method to compute elasticity is that:
Analyze marketing strategies in reaching markets with their products or services. Continue with a detailed description of marketing management strategies used in the implementation of the marketing plan. Conclude with the integrative strategies used ..
An investor bought a racehorse for $1 million. The horse's average winnings were $700,000 per year, and expenses averaged $200,000 per year. The horse was retired after three years, at which time it was sold to a breeder for $175,000. Assume accelera..
Congress is considering legislation that will provide additional investment tax credits to existing businesses. Effectively, an investment tax credit reduces the cost to firms using captial in production. Would you expect labor unions to lobby for or..
Consider the open economy model. Suppose that U.S. investors decide to invest more in Canada. What happens to the real interest rate, the real exchange rate, the net capital ouflow, and the net exports in Canada and in the U.S.?
The economic model of a perfectly competitive market is very unrealistic because it predicts that firms in a perfectly competitive market earn zero profits in the long run. However, in reality, no firm would stay in business if it earned no profits. ..
q.suppose a firms production function is q2kl2-l3and its quantity of capital is fixed at k6 in the short-run.a. find
You are a physician and your daughter has always wanted to be a physician too. She now wonders if she should invest the time and money
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