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Marx argues that economic changes are the source of class conflict and potential social change. Explain Marx’s argument by either using the historical example of the transition from feudal production to capitalist production, or explain this by perhaps predicting how our changing economy (and the resulting class conflict) may lead to social transformations down the road.
how would you describe balance between costs of automation, or fixed costs and costs of labour, or variable costs. How has Internet changed balance between automation and labou.
Discuss the predominant pricing strategy within the video game industry. Make sure to comment on the degree of market power (i.e., the ability to set price) possessed by firms in the market/industry. Consider the role of pricing practices such as pri..
The airline is considering building a new training center on this land.
Some businesses will examine their pricing structure and modify it in order to maximize revenue, either by raising or lowering price. Why organization chosen lower prices to increase revenue.
Indierence Curves- Explain what an indierence curve is. Explain why an indierence curve always has a negative slope. Indierence curves are concentric to each other. What does an indierence \above" another indierence curve indicate?
Which of the following statements about indifference curves is true.. The higher an indifference curve is for a? consumer, the greater that? consumer's marginal level of satisfaction. The higher an indifference curve is for a? consumer, the greater t..
Suppose that mux=10 and muy=20, further suppose that the consumers budget constraint can be expressed as 20x+10y=400. For this consumer, find the optimal amount of good x to buy.
John buys shoes for $1 a pair and socks for $1 a pair. His annual income is $20. Now suppose the government institutes two new programs: first, it taxes shoes, so that shoes now cost John $2 a pair. Second, it gives John an annual cash gift of $10. ..
Evaluate the appropriate government role in K-12 education using the test of market failure. Specifically, determine whether private markets could work within a K-12 context, or if government is support necessary.
As a matter of fact you have found several of these to be below minimum wages in your state. Discuss if dropping the observations is reasonable.
If the Fed purchases Treasury Bills from banks:
A price-taking ?rm selling in a market with a price greater than the ?rm's average total cost should:
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