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What are network effects? What market power does a social network such as Facebook imply for a business that has a Facebook profile?
q1. given production function fxy cxabyb-awhere a b c are positive and bgtaa. discuss the returns to scale marginal
It takes Melissa eight hours to produce a bushel of corn and two hours to wash and polish a car. It takes Greg six hours to produce a bushel of corn and one hour to wash and polish a car. Therefore: Question 2 options: Greg has a comparative advantag..
Use the graph to illustrate the economic concepts of scarcity, unemployment, inefficiency, and opportunity costs. When possible, use data points on the graph to accompany your verbal explanation.
Calculate the four combinations of outputs of corn and rice for these 4 plans.
If the economy's real GDP doubles in 18 years, we can...
If the annual benefits are $30,000, the annual disbenefits are $4000, the annual operating and maintenance costs are $6,000 and the annual worth of the initial cost is $9,850, what is the conventional benefit to cost ratio of a 50 year project?
Carefully explain the impact on the money demand, money supply, equilibrium interest rate and the quantity of money due to each of the following: [Diagrams not required]
There are 10,000 identical individuals in the market for medical service X, each with a demand function given by Qdx=12-2Px and 1,000 producers of medical service X each with the function Qsx=20Px. Find the market demand function and the market suppl..
A restraint manager believes he will need all new kitchen appliances in 2 years. The cost today is $48,800 but costs are going up at 10% per year. Find the semi annual payments needed f funds earns 5% compounded semi annually. Round to the nearest do..
"I'd rather have a 1% pay cut when prices fall by 3% than a 5% pay increase when the rate of inflation is 8%." This is an example of: Irrationality, Rising real wage, Deflation always being better than inflation, Excessive aggregate demand.
What are the ethical issues at stake when companies permit employees to use personal technologies on the job? What are the implications for all stakeholders?
List and explain the six properties of idea money.
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