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Which of the following statements are positive and which are normative? a) Jim gives too many tests b) The average on Jim's test is 77. c) Jim needs a haircut. d) Government is too large. e) Legalizing marijuana will increase the demand for marijuana.
In pure competition-marginal revenue
Elucidate wether each of the following evens shifts the short-run aggregare supply curve, the aggragate demand curve both or neither.
Case analysis: Societe Generale (A): The Jerome Kerviel Affair Knowing how to analyze a case will help you attack virtually any business problem. A case study helps you learn by immersing you in a real-world business issues—and makes you a decision-m..
What happens in a decreasing-cost industry when some firms leave and the industry's output contracts?
A refinery manufactures two grades of fuel, F1 and F2, by blending four types gasoline, A, B, C, D. Fuel F1 uses gasolines A, B, C, and Din the ratio 1:1:2:4, uel F2 uses the ratio 2:2:1:3. The minimum demand for F1 and F2 is 200 and 400 bl/day, resp..
If average worker produces $70,000 of GDP, by how much will GDP increase if re are 140 million labour force participants and unemployment rate drops from 5.2 to 4.5 percent.
Suppose Nation A can produce 2 million pounds of sugar per week OR 1 million pounds of rice in a week and Nation B can produce 10 million pounds of sugar per week OR 3 million pounds of rice in a week.
Cartwright Computing expects to order 600,000 memory chips for inventory during the coming year, and it will use this inventory at a constant rate. Fixed ordering costs are $300 per order; What is the economic ordering quantity for chips? How many or..
Elucidate the concept of the opportunity cost. your answer could consider opportunity cost in the context of the production possiblity curve.
Explain why each of following is or is not a valid probability distribution for a discrete random variable x: See p.183-84. 4.16 Toss three faircoins and let x equal number of heads observed.
Explain how does global economic competition impact the domestic market and decisions related to the strategy a firm uses to compete.
In the debate concerning repeal of the provision allowing capital gains on assets passed on to one’s heirs to escape taxation, some have reasoned that death is not voluntary, and therefore one should not tax capital gains upon death. Evaluate and exp..
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