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Question - In your role as the CEO of your First Nation's economic development corporation, you are often relied upon for strategic business advice at the band office. You have been brought in to describe the multiplier effect, and how it can be a powerful tool for increasing the nations wealth (including job creation for band members).
Prepare an explanation of the 'multiplier effect' that is generated by tourism, and provide some examples of businesses that the First Nation should/could pursue to maximize the economic return to the Nation.
how the Principle of Opportunity Cost applies to your life. Think of a recent decision you made. It could be a decision as simple as whether to eat out or cook your own dinner, or it could be a decision to quit your job and go back to school.
How much do you value the DiFranco ticket? How much do you value the Dave Matthews ticket?
The aim is to analyse the contemporary issue from the perspective of conventional ‘textbook' economics. The word limit for the essay is 2000 words.
Explain the MC=MR Rule. Describe the market structures to which this rule applies and create a chart to illustrate the data in Columns 9 and 10.
Recent increases in rents have caused the citizens of Elmville to vote for a rent ceiling of $1200. Assuming all rental units in Elmville are identical and the supply and demand for rental units are given by Qs = -1000 + 20P Qd = 50000 - 10P
Based on these data, sketch a curve with quantity produced on the horizontal axis and average cost of production on the vertical axis.
Does additive manufacturing rely on economies of scale to deliver low costs? What are 2 ways in which additive manufacturing lowers costs?
A water conservation project funded by the federal government will have an initial cost (year 0) of $1 million and an upgrade cost of $300,000 in year five.
Definition and explanation of the indices
What is the estimated labor cost for a job if the total adjusted estimated labor is 115 hours and the labor rate per man-hour is $23.00?
How serious a problem do you think this is in terms of the timelines of information provided by the census?
In a free market, what factors underlie currency exchange values? Which factors best apply to long-run exchange rates and to short-run exchange rates?
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