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Every so often, a disgruntled college graduate sues her school on grounds that her tuition payments did not land her the good job she was expecting when she started there. Courts invariably throw out cases like hers. They are, however, willing to entertain suits against trade schools (those that teach skills such as welding and computer repair) by guarantee that make the same claims about inability to qualify for jobs that use the skills they learned in them. Why the difference?
SUPPOSE SOUTH kOREA CAN PRODUCE 100 COMPUTER CHIPS WITH 10 HOURS OF LABOR INPUT AND 50 BED LINENS WITH 6 HOURS OF LABOR INPUT. THE US CAN PRODUCE 100 COMPUTER CHIPS IN 8 HOURS OF LABOR INPUT AND 50 BED LINENS WITH 4 HOURS OF LABOR INPUT. 1. WHAT I..
A market total demand is given through P = 80-(z/2). This market is supplied by a dominant firm & by other, relatively "small firms". The small company total supply is given by P=4y.
A potential entrepreneur is trying to make a decision whether to open a new spa. She presently makes $35,000 per year as an aerobics instructor
Illustrate what is the tolal accounting cost. Illustrate what is the total economic cost. Elucidate why these are different in this way.
A newly established Internet Cafe is seeing to expand its operations. What would happen if the predict to open 208 stores each year is wrong?
Relationship among consumption expenditures and inventories as well as their interdependence, and think in terms of the Multiplier.
Write an equation that summarizes the cost function for her operation, as well as equations that summarize the marginal, average variable, average fixed, and average total costs of selling fresh drinking water at the kiosk.
Suppose that the ecomony is operating below full employment and that it will not overheat during the year.
Discuss the reason why governments might want to intervene and how they might do- with respect to the following "problem" in the functioning of an otherwise perfectly-competitive ("pareto-efficient") economy:
Calculate the predicted change in tickets sold if the price were raised to $11. Also elucidate the expected change in total revenue.
a paper recycling facility is proposed ofr a town. because of the bleaches and other chemicals used in paper recycling, there are concerns about the air and water pollution from the plant. a team of economists has studied the facility. the total b..
What condition holds when the firm is maximizing profits? Explain in words what the math of the answer means. (b) What conditions do the functions R(Q) and C(Q) have to satisfy for you to know that the quantity Q* that satisfies the condition in (..
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