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"Science Knowledge grows on the basis of either human curiosity or human need". Explain this statement with the help of two examples. Answer should not be in more than 250 words.
what is the basis of the kinked-demand model? explain the reason for the gap in the oligopolists marginal-revenue
define the different types of unemployment. explain which type of unemployment is most directly related to the economic
suppose you live and work in cleveland earning a salary of 75000 per year and spending 10000 for housing. you heard
Suppose that a lottery winner deposit $20 million in cash into her transactions accounts at the Bank of America (B of A). Assume a reserve requirement of 25% and no excess reserves in the banking system prior to deposit.
Why is the U.S. GDP so much higher than that of Mexico? Would the same reasons apply when we compare the U.S. GDP to Canada's GDP?
particularly on the retail end where drug dealers sell the drug to consumers in the U.S. What would you predict would happen to the economic profits of the drug dealer? Suppose the family in South America form a cartel What is the result of the ca..
Compute the marginal rate of substitution of apples for bananas using the marginal utilities. Compute the value of the MRS at (2,4) and at (1, 16).
discuss the primary advantages and disadvantages of applying the direct write-off and the allowance method of writing
The Social Responsibility of Business Is to Increase its Profits
Two centuries ago there were more buffalo than cattle in the United States. Even though millions of cattle are killed for beef consumption each year, the cattle population continues to grow while the buffalo are virtually extinct. Why?
What is the profit-maximizing price of carpets? What is the maximum amount of profit that the firm can earn selling carpets?
Jay's Silk Printing Co. is located in a small university town. The major portion of their business is custom printed sweatshirts for university bookstores. As a sideline, they also retail sweatshirts locally. The local demand for sweatshirts is: Q..
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