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Data showing the percentage of Massachusetts voters that are registered democrats, republicans, or independent/other. What kind of graph should be used to represent this kind of data?
What is the theory of consumer choice and how it consumers facing trade-offs make decisions and how they respond to changes in their environment?
What parts of the external environment ( general, industry, and competitive) do you believe BP considered or didn't consider prior to drilling off the gulf coast? what should the wedding business owners now consider in their external environment?
Discuss contributions of competing and dominant school of thought to evolution of labour economics; mention paradigm differences and distinctions between old labour economics and new labour economics.
What is the present worth of the entire 30 years of service if the interest rate is 10%?
Water sold in small plastic bottles produces waste that contaminates the environment. Suppose the U.S. government passed strict new laws.
Joe and Rebecca are small-town ready-mix concrete duopolists. The market demand function is Qd = 10,000 – 100P, where P is the price of a cubic yard of concrete and Qd is the number of cubic yards demanded per year. Marginal cost is $25 per cubic yar..
If air quality improves however re are no effects on aggregate production or on market costs of final goods and services. Illustrate what would happen to GDP.
Suppose you had to explain to a person on the street (who is not an economist) why a current account deficit must be accompanied by a capital and financial account surplus. What would you say?
John takes 10 minutes to iron a shirt and 20 minutes to type a paper. Harry takes 10 minutes to iron a shirt and 30 minutes to type a paper. Who has the comparative advantage in ironing? What is the opportunity cost of Jon ironing a shirt? What is th..
Suppose the UN has two pure strategies: It can either inspect facilities X and Y (both of which are geographically close to each other) or inspect facility Z. Find a Nash equilibrium in mixed strategies.
What are the negative consequences of development? Can development occur without destruction of the old social fabric? Please provide examples where these will help to clarify your answer.
Identify a product or service produced by Wal-Mart. Describe the inputs used to produce this product or service as well as the types of costs involved in its production. Consider the following questions: What factors may affect the mix of inputs used..
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