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In The Theory of the Leisure Class by Thorstein Veblen. What does it tell about the period in which the writer composed it? What purpose does the document have regarding the nature of econmonics and the meaning of leisure, and how does the author defend his views?
Ketchup is a complement (as well as a condiment) for hot dogs. If the price of ketchup decreases, using a supply and demand diagrams for hot dogs, show what happens to equilibrium price, equilibrium quantity for hot dogs, and total revenue for produc..
Suppose that there are 150 houses in the community with 2,000 square feet (providing services that rent for $10,000 per year). The interest rate is 4% and with proper maintenance all of the houses will last forever. In an election the population deci..
Compare perfect competition and monopoly on the basis of (a) number of firms (b) barriers to entry (c) kind of product -- standardized or differentiated (d) presence or absence of long run profits (e) elasticity of the demand curve (f) provide an exa..
What is the relationship between a country’s political/economic environment and risk? What about corruption? Please provide examples to support your post!
How is it that higher tax rate can increase tax revenue in some cases, but a higher tax rate can decrease tax revenue in other cases? Relate this to the price elasticity of demand. (Excise Taxes)
Reggie owns and operates a cheese shop in the village of Somerset. While Reggie has a degree in mechanical engineering and could easily go to work for his brother\'s company earning $76,000 a year, his true passion is for cheese. Below is a list of R..
According to the BLS, the CPI rose 3.8% in August of this year compared to a year earlier. Food prices rose 4.6% and clothing prices were up 4.2%, while new car prices rose 3.8%, and medical care was up 3.2%. What percentage change in the CPI up unti..
You are interviewing three people for one sales job. On the basis of your experience, you believe Jane can sell 600 units a day, Tom can sell 450 units a day and Kevin can sell 400 units a day. The daily salary each person is requesting is as follows..
Identify the peculiarities of tourism as a product compared with everyday goods and services which consumers may demand. Why is repurchase consumer decision making particularly important in travel and tourism demand.
Illustrate what is M1 in Iron mania. Illustrate what is M2 in iron mania.
In an economy production is characterized by the neoclassical function =K.5N.5. Suppose it has a saving rate of .1, a population growth rate of .02, and an average depreciation rate of .03. At the steady-state value of k, is there more or less capita..
Your private equity firm is considering making an offer to buy a small yogurt firm with the intent of reselling it after streamlining its operations. The problem is that you don’t know the exact current value of the firm. You are sure that it is equa..
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