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1. What role do technological advances play in the classical theory of growth? The neoclassical theory? The new theory?
2. Explain why sports league are often willing to give major wage concessions to player’s unions in order to stop the entrance of a rival league into the market.
3. Discuss the operational aspects required to maintain a fixed exchange rate. Provide examples and elaborations.
4. Define economic value. Do both perfectly competitive producers and monopolists create it? If so, why, and if not, why the difference?
The classical political economists shared, to a large extent, a vision of an emerging social system. Smith referred to this as the “society of perfect liberty” while Marx called it the “capitalist mode of production.” What were the central characteri..
Illustrate what public policies might be used to address one of the problems you identified in your response to the question above.
Consider a pharmaceutical industry with two producers, P zer and Roche. The former is based in the U.S. will the latter is based in E.U. If both produce they both get a pro t of -20. If one produces it gets a pro t of 300. Describe this scenario in a..
Standard Industry Classification codes (SIC) are used for financial statement “benchmarks” analysis. Your company’s financial results would need to be compared to others. SICs provide the format to compare a particular company’s financial data to the..
Cartco needs to borrow $4 million for an upgrade to its headquarters and manufacturing facility. Management has decided to borrow using a five-year term loan from its existing commercial bank. The prime rate is 3 percent, and Cartco’s current rating ..
Mari Sue, who is 16, crashes her mother’s car. Her mother is responsible for the damages caused by her daughter under A. contributing to the delinquency of a minor law. B. family car doctrine. C. failure to exercise proper supervision law. D. none of..
Draw the isocost line corresponding to a total cost of $10,000 is: 50 L + 100 K. TC = w L + r K, where L is the quantity of labour, K is the quantity of capital, w is the price of labour, and r is the price of capital. And draw the isoquant curve on ..
Background of question: I Am calculating the 5% significance level that the slope regression coefficient is statistically different from one. Question: Exactly why might this test be of special importance to a financial analyst? (What would a slope c..
A firm's fixed costs are $600 regardless of the output; Variable costs are $5 per unit of output. TC = FC + VC. The selling price of the good is $10 per unit. State the FC function, VC function, TC function and total revenue function. Find the breake..
How is power distributed in the U.S. political system? How does the U.S. political system reflect the distribution of power? List and discuss six ways in which urban planning can be political in nature. With references.
Consider a supplier of agricultural equipment who is deciding how much of two products should be produced by his firm. You determine what the two products are. Now create a report that includes a discussion and analysis regarding how such a supplier ..
Suppose you have been tasked with regulating a single monopoly firm that sells 50-pound bags of concrete. The firm has fixed costs of $30 million per year and a variable cost of $4 per bag no matter how many bags are produced.a. If this firm kept on ..
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