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Question: Mention five areas of the administration of a company where it is necessary to use statistical data to make decisions.
In a 2-3 page essay, discuss what you see as the future of labor unions and the role they will/will not play in the U.S. economy. In your essay, be sure to consider the factors that you see as critical in determining the role unions will play in ..
What are the four sources of market failure? Explain how each of them causes individual profit- and utility-maximizers to make decisions that may be privately optimal but are socially suboptimal. What general policies might correct each of the instan..
Illustrate what are the limits to the exchange rate at which it makes sense to produce in both countries.
Which of the following would most likely have caused the production possibilities frontier to shift outward from A to B 1. a general technological advance 2. a technological advance in the consumer goods industries 3.a decrease in unemployment
What is the difference between contractionary fiscal policy and expansionary fiscal policy? Which is the more appropriate to use today?
Assume you were doing lunch with your best friend who just enrolled in an economics class. He was complaining about how irrelevant the class was,
Explain in detail how a decrease in consumer demand for a product will result in less of the product being produced and in fewer resources being allocated to its production.
Ceteris paribus, Diet Cola Brand X and Diet Cola Brand Y are substitutes in consumption. The price of Diet Cola Brand Y falls. a. What happens to the demand for Diet Cola Brand X? b. What happens to the demand for Diet Cola Brand Y?
a. What, if anything, can be viewed as a sunk cost? b. What is the rule, as a function of quantity and price, as to whether this manufacturer should shut down? c. If the estimated demand is 500,000 phones, what is the break-even price for phone?
Explain using supply and demand graphs how land use regulations, that specifically limit residential development in many areas in the U.S., might contribute to a housing bubble?
If you buy the stock and plan to hold it for 3 years, Elucidate what payments will you receive. What is the present value of those payments? Compare your answer to (b).
Why do people suggest that the United States needs to devote more output to investment goods? Why not produce just consumption goods?
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