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Write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:
Choose a developing country, and discuss its economic growth in the last 2-3 years. Include the following information:
Assume that instead of maximizing profit, the firm wants to maximize total revenue. Using algebra determine the optimal output, price, profit and revenue for the firm.
Supporter of free market systems discuss that free enterprise leads to more efficient production and better response to changing customers preferences.
You have a 0.35 probaability that you can turn your current $15,000 into $50,000 and a 0.65 probability that fierce competition will drive you to ruin, losing all your money.
moral hazard and adverse selection are both examples ofa the principal-agentbexternalities in consumptioncefficiency in
1. discuss several economic events that would increase a countrys willingness to trade.2. in the offer analysis why
If the government gave each recicient family a $7,000 check instead of enrolling them in the Medicaid program most of the families would spend that money to purchase health insurance.
The weak preference relations of Bob and Carol can be represented by real valued utility functions
A. What is market failure What are the major reasons that a free, unregulated market in medical care might not be optimal B. What assumptions of the perfectly competitive marketplace are violated in medical markets How does each affect equilibrium ..
in light of what is happening in the european union today do you think a controlled default can occur with insolvent
Distinguish between explicit & implicit costs, giving example of each and what are the explicit & implicit costs of attending college?? Why does the economist classify normal profit as a cost?
Determine the equilibrium price and quantity and explain its meaning to your chosen company. Indicate how your chosen company's management should use this information to make sound strategic decisions.
Total explicit costs of using market-supplied resources for Quest Realty- partial income statement from Sizzling Foods
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