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After watching The Hudsucker Proxy clip, discuss the following:
1. What shift factor was at play in this scene?
Why is a minimum wage such a popular government policy in most countries? Use your understanding of supply/demand
Rusty Flapps, an airline pilot with Air Canada, suddenly finds himself laid off because of the dramatic decline in the demand for air transportation brought on by the terrorist attacks of 9/11 and the recent economic slowdown.
(a) Use C(x) to find the average cost of producing 1000 smart phones. (b) Find the average value of the cost function C(x) over the interval from 0 to 1000.
Frederic Bastiat (1801 - 1850) was a French political economist famous for exploding popular economic misconceptions
The President of US is suggesting increased spending for a missile defense system and also proposing a major long term tax cut. Provide some predictions of possible outcomes for the federal budget categories,
Suppose that fast-food chains start using healthier ingredients. What are the new equilibrium wage and quantity of labor in the fast-food industry?
The voice-mail system will incur training and inefficiency costs of $2500 the first month, $1500 the second month, and $500 the third month.
Compare and contrast the conflicts faced by Orwell in "Shooting an Elephant" to those faced by Gideon in "No Witchcraft for Sale." To what unique revelation does Orwell's position as a police officer lead him? How can Gideon's ultimate decision not t..
Explain the significance of price, rationing, ration coupon, and rebate.
Evaluate the following statement: Comparative advantage will benefit all people because everyone has a comparative advantage in something
Now, suppose a public project to clean up the beach improves water quality from 0 to 2 units (thus, q = 2). The estimated benefit of the project
Suppose real GDPs in country A and country B are identical at $10 trillion dollars in 2005. Suppose country A's economic growth rate is 2% and country B's.
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