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Question
An oil tanker runs aground in U.S. waters which results in an oil spill causing serious environmental damage. The oil taker company claims the accident was not caused by their negligence but was completely unforeseeable. If true, is their defense valid. why or why not.
Explain what MRS12 is (without referring to indifference curves.) Then, explain why the consumer's utility is not maximised at a point where MRS12 > p1/p2.
The "law of one price" applies to all goods, except those that: Which of the following would cause the U.S. demand curve for Japanese yen to shift to the right? Which of the following might cause the U.S. dollar to depreciate against the Japanese yen..
Explain how each change mentioned in the article impacts upon the aggregate expenditure model.
When doing a competency-based interview, it is better to: a Draw on examples from only your current or most recent paid work experiences
Suppose that a certain country has an MPC of 0.9 and a real GDP of $500 billion. If its investment spending decreases by $8 billion, what will be its new level of real GDP?
Why do some firms use "yield management systems"? Under what circumstances can firms use yield management, and why do they do it?
Illustrate what is the equilibrium to this game.
National and State Banks Interview the branch managers of different banks in your locality. Ask whether the bank is a national bank or a state bank.
Summarize the components that support the Cobb-Douglas function, as well as its shortcomings. How are regression results evaluated? Is any single way better than another? Explain your answer.
Why are entrepreneurs willing to supply goods and services for consumers at attractive prices? Is it because they care personally about the consumers?
How many of the workers in the new equilibrium are native-born?
Demand and supply equations for the market for gasoline are as follows: Calculate the equilibrium price and quantity. Calculate the price elasticity of demand between the range of 200 and 160. If the price rises in this range, what happens to total r..
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