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Q1. Rich has $100,000 and Poore has $1,000. Which of these statements is most strongly supported by the theory of consumer choice?
Q2. Was Freddie Mac a major role in sub-prime mortgage? Were there any criminal activities, unethical activities, or just plain bad luck involved in the scandal?
Q3. How might Beth Young have found out when mortgage rates were at a level that would make refinancing her condominium more affordable?
Q4. During his first year at school, Guojun buys eight new college textbooks at a cost of $50 each. Used books cost $30 each. When the bookstore announces a 20% price increase in new texts and a 10% increase in used texts for next year, Guojun's father offers him $80 extra. Is Guojun better off, the same, or worse off after the price change? Why?
A competitive firm that is profit maximizing pays a wage. The firm has started marketing its new product.
Now suppose the factory develops an innovation that allows it to produce a shirt for the equivalent of 1 loaf of bread. What is the new radius of the factory's market area.
Visualize you are a manager for good or service used. From results of the deterioration equation, recommend strategies to either preserve demand if an increase over 3 periods occurs or improve demand
The factory operation creates smoke that affects nearby homeowners, causing respiratory ailments and similar problems.
Advertising is powerfull strategy to make people aware about company products and services and for this case is to emphasize reliability and low price, this effort will help the company to sustain in this area and to develop a customer franchise a..
The terms of trade if the united states trades 1 can of soda for 5 units of clothing.
It comes to global expansion and setting up affiliates aboard, how is a service company's focus different from that of a manufacturing company
Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
The number of taxicabs in Motorville and the taxicab fares are regulated. The fare currently charged is $5 a ride. Motorville taxicab drivers want to obtain government's permission.
Semiconductor chips are used to store information in electronic products, such as personal computers. One of the early leaders in the production of these chips was Texas Instruments (TI).
Distinguish between the resources market and the product market in the circular flow model.
What is the relationship between marginal cost and marginal revenue when single-price monopoly maximize profit.
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