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There is substantial evidence that people base their consumption decisions more on their current income than on the average income they expect to receive over a long period of time.
What is diminishing marginal productivity? What would be an example of marginal productivity?
A company is considering investing in a new printing press, and is looking at one of two options. The first printing press has an initial cost of $30,000, a salvage value of $2000, and annual operating costs of $1500 per year. Manually calculate the ..
Describe Virgin Group's competitive strategy and mount an argument in favor of or against Porter's assertion as it relates to Virgin Group. Does your critical thinking about the firm's competitive advantage bring to mind concerns, or opportunities fo..
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..
What evidence have you discovered that points to the Classical, Keynesian, and Monetarist theories being debated today? What is supply-side economics? Does it oppose the Classical, Keynesian, or Monetarist theory? How does supply-side economics affec..
Bankruptcy: Moral Amoral or Immoral? Is it unethical to avoid paying one’s debts by going into bankruptcy? Does a person have a moral responsibility to pay his or her debts? Why? Explain your answer
Consider we wanted to know how many trips versus dinners out you could purchase. If you were told that X = number of trips and Y = the number of dinners out and you were given the following budget information; M=4000, Px=800, and Py=100, What is the ..
Compute the HHI index for each of the following industries. Which industry is the most concentrated. An industry with five firms that have the following market shares.
Suppose that consumers become more pessimistic about future income and lower their autonomous consumption. With no government response, this would ___________ short-run output. If the Fed wanted to counteract this change, it should __________ the Fed..
You borrow $100,000 to buy a house; if the annual interest rate is 6% and the term of the loan is 20 years, what is the annual payment required
If a government’s money is backed by gold and global instability causes its mint parity rate to become to high as a result the country falls into a depression, can the governments central bank fight the recession by increasing the money supply? Expla..
Many ethical issues existed within in the Dalkon Shield scandal. "There is ample evidence that A. H. Robins Company advertised, developed, tested, exported, and continued to market a product that was known to be dangerous and ineffective"
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