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Imagine you are a citizen in Rome at the end of the Roman Republic time period. What factors could you see that showed the Republic was dying and the Imperial government was emerging?
Why might a profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development What kinds of costs are involved in making a decision to shut down
one of the most important skills to learn in managerial economics is the ability to identify a good business.1- discuss
he average product of labor is the total quantity of units produced divided by number of working hours. The marginal product of labor is how many extra units are produced if we add one more unit of labor:APL = q/L , MPL = Δq/ΔL
What is adverse selection? How does it harm the economic process and what is moral hazard? What are its consequences
What is the mid-point (averages) formula for elasticity of demand? What does it measure? What do the values (1), (2), and (.50) indicate? What are the determinants?
Discuss whether free markets are likely to provide Pareto-optimal levels of the goods, or whether a market failure distorts the markets.
A mine is for sale for $450,000. It is believed the mine will produce a profit of $100,000 the first year, but the profit will decline $5000 a year after that, eventually reaching zero, whereupon the mine will be worthless. What rate of return would ..
The nursing output consists of two specific types of output - How be would you draw the shape of such an isoquant curve?
Identify at least four (4) key points of a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course concepts covered in Weeks 1-8 (supply, demand, market structures, elasticity, costs of producti..
These multiple choice problems belong to Economics and the both problems are about marginal revenue being equal to marginal cost.
Why do Movie theatres, airlines, and many other businesses like to charge customers dissimilar prices based on time of the day, age, and purchase dates? Provide an example of a price discrimination for a good or service that you thought it to unfair...
Describe the demand and marginal revenue curves faced by a firm in a purely competitive market. Are they different from those faced by a firm in oligopolistic competition? If so, why?
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