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List "Six Impossible Things" that you do during the day.
Analyze each of these and explain how they affect the ecology of "distant lands" and how they affect the people who make or recycle the products that you use or grow the food that you eat.
For each of these, what could you do to lessen your impact and promote more social justice and equity in the world?
How is efficiency related to the number of firms in an industry characterized by strong economies of scale? Efficiency is unrelated to the number of firms in the industry and therefore unrelated to economies of scale.
Each year,$7,500 is invested at 4% annual compound interest a) What is the value of the investment portfolio after 20 years? After 25 years? After 30 years? b) Repeat part (a) with the investment at 5% annual compound interest c) Based answers to (a)..
After he gets out of jail, Dan goes and talks to Mica (no relation to anyone we know) about grading problem sets. He ends up with a serious head wound and rushes to the Sussex County hospital. He has no money and no insurance, but state law requires ..
How would you define a risk –neutral person in the context of making decisions south the health insurances? What is meant by a loading fee when considering the price of an insurance policy? Why is the loading fee a higher proportion of the premium wh..
Suppose that an economy is producing on its production possibilities curve but is not producing quantities of each good where the marginal benefit equals the marginal cost for each good.
Milky Way Dairies purchased a two hundred-acre farm for raising cattle in 2006. An industrial park to the west, Mountain Estates, had in 1980 fenced off a two-acre stretch of land that was properly within the two hundred-acre farm now owned by Milky ..
Suppose a worker’s skill is captured by his efficiency units of labor. The distribution of efficiency units in the population is such that worker 1 has one efficiency unit; worker 2 has two efficiency units, and so on. Assume there are no migration c..
q1. what action can firms to take to ensure that they realize whatever economies of scale are created by their volume
The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are $100.
Discuss why countries create barriers to trade when economic theory shows trade as being beneficial to a nation. Who benefits from international trade? Who loses from international trade? How can the negative effects of the failures from internationa..
Less-Developed Countries (LDCs) are caught in a vicious circle of poverty. For output to increase, they must build up capital. To build up capital, they must save and consume less than what they are producing. How should developed-countries and inter..
Explain how premium business models work. Make sure to include the mathematical equations we used in the Dropbox case study to describe the economics of this type of offering (calculating how many paid customers are needed to support free customers).
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