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A market economy and a democratic elected government is the ideal solution for South Africa's socio-economic problems. Discuss this statement critically.
Master Card has a series of cute commercials that list a series of accounting items also costs leading to a costless product.
Economists assume that consumers attempt to maximize their utility based upon their preferences, income and price of commodities. Do you see any weakness of the above are you aware of any example of irrational behavior by consumers (or yourself)?
Consider two firms, 1 and 2, each producing an identical good simultaneously. This good has market demand given by the inverse demand function , where is price, and is market quantity. represents the amount produced by firm . Suppose production cost ..
Look up the Common Agricultural Policy and explain what this policy means and why China and India are so set against such a policy. Also, explain if you agree or disagree with China and India and defend the position
Suppose that macroeconomics forecasters predict that economy will be expanding in near future. How might managers use this information.
Assume consumer spending is given by the equation C = 275 + 0.8[Y - T], investment spending is equal to 425, government spending is equal to 250, and taxes (T) are equal to 250, while full employment real GDP is equal to 4050. According to the simple..
Your cousin brother Bobby has turned 18 and is contemplating future career alternatives based on the probable salaries to be earned. He seeks your advice. Invest two years and $6,000 per year at Community College education. Work remaining years until..
How do average variable cost, average fixed cost, and marginal cost vary as production levels for a firm are increased? are short term costs linked to just one input factor as a variable, with all other factors held constant as production increases?
Consider the principal-agent problem discussed in lecture, with the constraint that s greaterthanorequalto 0. At what level of u does the optimal contract result in agent effort being set to its first-best level?
Should manufacturers be legally liable for "cradle to grave" responsibility for their products? Should manufacturers be responsible for recycling their products after consumers are finished with them?
Wise leaders know that the key to balancing innovation and execution skills in a team or company is knowing who has what skills and then figuring out how to combine those complementary strengths within a team to generate quality ideas that will produ..
Suppose we have an agricultural valley 100km by 50km, with a polluting electricity power plant. The power plant causes pollution problems on a narrow strip of land downwind of the plant, and within this valley 10km in length and 500 m in width, but n..
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