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Question
What are possible reasons why the supply curve of labor for any specific occupation is likely to be upward-sloping, even if, for the economy as a whole, people work fewer hours when wage rates increase.
List the four components of Gross Domestic Product(GDP) and provide an example of each. Explain how each item affects you and the way that you live today. GDP (or GDP per capita) is a common measure for a country’s standard of living. Discuss the sho..
A firm makes and sells a computer for $1000. The variable cost to produce. A computer, for the range of production of the firm, is $300 per unit. The total fixed cost per year to make the computer are $4.0 million. How many computers must me made and..
Use good economic terminology and graphically illustrate your answer with the expected results for a single individual:
A monopoly firm faces a demand curve given by the following equation: P = $500 − 10Q, where Q equals quantity sold per day. Its marginal cost curve is MC = $100 per day. Assume that the firm faces no fixed cost. How much will the firm produce? Suppos..
Which of the following is true about the importance of money in economics?
Analyze the current macro economic situation and discuss changes in economic, financial and international conditions in the near future.
Which is not true of a public good?
Why might even a well-maintained, profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development.
A firm that makes car parts wants to adopt pay schemes that will best motivate its various workers to be productive and they hire you as a consultant. The firm is able to accurately measure the productivity of individual workers who make windshield w..
A financial analysis paper must include an examination of the company's industry. The report will include comparisons between the company's financial health and that of its competitors, and it will report the company's market share and prominence in ..
Should the United States pull out of NAFTA? Explain why we should or why we should not. A group at your school has called a meeting to discuss a boycott of the college bookstore if it continues selling clothing made with sweatshop labor. Would you su..
How would you use these cost and revenue estimates to determine whether a sales force increase or possibly a decrease is warranted.
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