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A box of colored crayons contains 10 distinct colors. In how many ways can 7 colors be chosen, assuming that the order of the colors chosen doesn't matter?
Mary has 100 hours per week available to spend on work and leisure. She works 40 hours per week at a pretax wage of $25 per hour, but faces a 20% payroll tax. Mary also receives $20 interest per week from her saving account. Draw Mary’s Budget line u..
Compare and contrast for-profit and non-profit organizations. Compare and contrast in terms of economic policies.
Assume that all the factors affecting demand in this model remain the same, but that the price has changed. Further assume that the price changes are 100, 200, 300, 400, 500, 600 dollars. a) Plot the demand curve for the firm.
The differences between the single Federal executive vs. California’s plural executive. The historical origins of the single Federal executive vs. California’s preference for a plural executive. The potential advantages and disadvantages of both the ..
Suppose a Lexus LS400 and a Mercedes C300 are considered to be of equivalent value. The Lexus sells for 6,000,000 Japanese yen in Tokyo and the Mercedes sells for 50,000 euros in Stuttgart. Using the purchasing power parity theory, explain the exchan..
An individual who makes $32,000 per year anticipates retiring in 30 years. If his salary is increased by $600 each year and he deposits 10% of his yearly salary
Conforming is changing one's beliefs, accepting both the goals and the means of society. What if conformity does not work? What if some individuals who work hard all their life and still aren't be able to achieve wealth?
The following table is a record of the data of a competitive firm on labour and output: Reproduce the above table on your answer sheet and complete the table. How many units of labour should be employed to maximise profit? Briefly explain your answer..
Compare and contrast two trade barriers, tariffs, or quotas.
If the bank pays 5% compounded annually, what lump sum should he deposit on the child's 4th birthday?
Who compiles data for the national accounting in US? How GDP is measured through income approach? How GDP is measured through expenditure approach? What are the differences between income and expenditure approaches in measuring GDP?
Mike finds a Coke machine in an abandoned part of town and is extremely thirsty. The Coke machine requires exact change - two quarters and a dime. No other combination of coins will make anything come out of the machine. Draw a graph that illustrates..
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