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In what ways has computer technology changed the nature of work? Include discussion of both the type of work people do and where they do it.
If the entry barrier is removed consumers will be better off because consumers will enjoy greater consumer surplus. Explain.
Briefly explain the difference between economic forecasting and business forecasting. What is the best economic tool to help the leaders to see future better than others economically 6 to 9 months before the cycles of the business cycles of the US ec..
Compare and contrast the executive and congressional plans for reconstructing the Union. What was their objective? Which plan was better for the nation? Why?
If firms are successful in product differentiation
If the interest rate is 5%, what is the present discounted value of receiving $100 in two years? If the present discounted value of $100 received 3 years from now is $81.63, what is the interest rate?
Consumer surplus Qx=300-2Px 4 Price=$30 1. Qx=300 ... Consumer surplus Qx=300-2Px 4 Price=$30 1. Qx=300 – Px 1f Px =$30 2. Qx=14 - ½ Px 1f Px=$20 3. Qx= 300 -2Px 1f Px =$45 Find consumer surplus for all 3 of them.
Differences in scientific judgment between economists are similar to all of the following except
q1. a monopolist has demand and cost curves given byqd 10000 - 20ptc 1000 10q .05q2a. find the monopolists
For the last several years, the money supply in the fictitious nation of Mauritania has been rising by 10% annually, and inflation has been running at 8%. The central bank is going to cut growth of the money supply back to 3% annually. Which of the f..
Assume a household receives a grant of $500 of food stamps every month. How will this household's budget line be affected.
Why might an economics professor who is good at fixing cars still prefers to take his automobile to a garage for a tune-up? If the same professor decides to get a tutor for his daughter in economics instead of tutoring her himself does the same princ..
Assume labor market demand is given by: lD = 10 – w and labor market supply by: lS = w – 2. Suppose that a union has a monopoly in the supply of labor. Suppose also that the goal it has decided to pursue is to maximize the wage bill. In this case, wh..
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