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The government must raise tax revenue to pay for schools, police, etc. To do this, it can either tax groceries or meals at fancy restaurants. Which should it tax? Explain your reason.
Last year the imaginary nation of Freedonia had a population of 2,700 and real GDP of 16,200,000. This year it had a population of 2,500 and real GDP of 14,640,000. What was the growth rate of real GDP per person between last year and this ye..
For which types of business organization is unlimited liability going to apply to - a sole proprietorship, a partnership or a corporation? Now explain out of those business organizations, for which one will unlimited liability be the greatest prob..
Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource differences. What are some examples of goods that the U.S. has comparative advantage in producing
Question about micro economics- Sam Smith owns an internet radio company that has subscribers in Houston and Dallas
what is the primary requirement for a market to be competitive is competition necessary for markets to work well why or why not how does competition influence the following: (a) the cost efficiency of producer, (b) the quality of products, and (c)..
develop standards for ethical and moral conduct in the form of a code of ethics.nbspnbsp as part of this assignment
This problem is aimed at understanding the breakeven selling price for a company. Assume you have started up a company for an initial investment called “Invest”. The return you expect is WACC. The investment can be written off over the length of the ..
outsourcing may provide tremendous advantages for firms. it may allow companies to specialize reduce costs and focus
1. cold case inc. produces beverage containers used by fast food franchises. this is a perfectly competitive market.
Describe the business and explain the general pattern of change of the particular market model indicating how this change is likely to impact business operations.
Suppose a monopolist producing Q units of output faces the demand curve P =20 -Q. Its total cost when producing Q units of output is TC = F + Q2, where F is a fixed cost. The marginal cost is MC = 2Q. a) For what values of F can a profit-maximizing..
What is the relative income hypothesis? Evaluate this statement: “Once income exceeds the subsistence level, individual perceptions of the adequacy of their economic performance depend almost solely on relative as opposed to absolute position.”
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