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What is the conflict trap and why is it relevant for economic development?
Tort law permeates society and daily life. Think of a tort issue in your life or in the life of someone close to you. Describe the issue. Perhaps you did not pursue litigation, but after your knowledge in this class, do you think you should have? Per..
Assuming that the discount rate remains the same, what will be the price of the stock after the announcement?
Can you tell the difference between a grain of rice from one farm from another grain from a different farm? Chances are you can't. And it's markets like this -with identical goods that leave producers to be price takers and also where entry into and ..
In your own words, describe how the elements fit together. Choose one element from the list below and give a real life example that demonstrates how enterprise data management relates to the element.
Consider the following utility function (referred as a quasi-linear utility function as it is linear in the second element): Briefly describe where the failure of the tangency condition stems from and what does it mean. Hint: Setup the tangency condi..
Find the marginal revenue functions associated with each demand function.
What is the equation of the demand curve if consumer incomes are$30,000, the price of good Y is $10, and the price of good Z is $20? Graph the demand curve that you found in (b), showing intercepts and slope. If the price of good X is $15, what is t..
Earl sells lemonade in a competitive market on a busy street corner in Philadelphia. His production function is f(x1, x2) = x1^1/3 x2^1/3, where output is measured in gallons, x1 is the number of pounds of lemons he uses, and x2 is the number of labo..
A company is producing 15,000 units. At this output level, marginal revenue is $22, and the marginal cost is $18. The firm sells each unit for $48 and average total cost is $40. What can we conclude from this information?
You have narrowed your choice of which refrigerator to purchase down to two choices. Both are used, and both will last two years. The difference between them is in the annual electricity consumption.
Aerospace contractor have four employees whose combine salaries through the end of this year are$250000. if the contractor expects to give an average raise of 5% each year, calculate the present worth of the employees' salaries over the next 5 years...
if the demand for labor is elastic because the demand for labor will decrease more when you have elastic demand than if demand were inelastic.
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