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Recent Research indicates the second hand smoke from cigarettes endangers the health of those who are in sustained contact with smokers. Explain why the Market, operating on its own, will lead to an overproduction and over consumption of cigarettes.
Disposable personal income equals personal income and two factors are the keys to determining labour productivity
Suppose the market demand function (expressed in dollars) for a normal product is P = 480 – 4q and the marginal cost of producing it is MC = 2q, where P is the price of the product and q is the quantity demanded or supplied. How much would be supplie..
Assume that the skateboard industry is monopolistically competitive. Assume that skateboard manufacturers are earning short-run economic profits. At the profit maximizing price you identified in part a, would the typical firm’s demand curve be price ..
Briefly explain whether you agree with the following argument: "Unfortunately, Bolivia does not have a comparative advantage with respect to the United States in the production of any good or service."
Al owns a shoe factory with noisy machines which disturb his neighbor Bob. What is the efficient outcome – for the factory to shut down, to run silently, or to run noisily? Suppose Bob was granted an injunction to stop the factory from making noise.
What is the mechanism in the economic system that guarantees the saving of the economy will always equal the investment of the economy? You may assume a closed economy in answering the question.
You are manager of a small pharmaceutical company that received a patent on a drug three years ago. Despite strongest sales(125milion last year) and a low marginal cost of producing the product ($0.25 per pill) your company has yet to show a profit f..
Explain why time management, communication and motivation are given more importance in the project management environment in contrast to traditional management environment.
describe the current account balance, the capital account balance, and the official settlements account balance.
Discuss the power of compound interest and why compounding makes it important for people to save and invest for retirement early in their working life rather than waiting until they are close to retirement.
If the proposed textbook receives a favorable review, explain how should the editor revise the probabilities of the various outcomes to take this information into account.
Industry studies often suggest that firms may have long-run average cost curves that show some output range over which there are economies of scale and a wide range of output over which long-run average cost is constant; finally, at very high output,..
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