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1. Is economic growth the cause of per capita income inequality in the world?
2. What are the causes of income inequality? Briefly explain with examples.
Consider a monopolist facing market demand P=100-Q. Suppose this monopolist has constant marginal cost of $40 and fixed cost of $20.
A consumer likes sugar in her coffe, but she simply cannot taste the difference between a cup of coffee with n grams of sugar in it and a cup of coffee with n+1 grams. Suppose a teaspoon of sugar is 6 grams, and suppose she takes her coffee with one ..
Discuss the Territorial-Mobile and Bonding-Bridging model and how is applies (or does not apply) to indigenous peoples in the US.
San Francisco Bread: Q is the dependent variable; price, competitor's price, advertising, and income are independent variables. After regressions are completed
Further, suppose that at this output, profits are zero. An increase in fixed cost with no other changes to cost curves will result in what?
From a purely economic point of view, should the government impose price floors on wages, otherwise known as a minimum wage?
How well does the company manage working capital? What are the strengths and weaknessesof the company's financial position?
Consider an industry described as a duopoly consisting of two symmetric firms producing homogeneous product. Inverse demand function is P = 1500 -10Q and each firm has a marginal cost of $20 with fixed cost of zero.
The Teenager Company makes and sells skateboards at an average price of $70 each. During the past year, they sold 4,000 of these skateboards. The company believes that the price elasticity for this product is about -2.5. If it decreases the price ..
over the past 12 months the four winds novelty company firm has recorded its internet sales equals monthly output
Putting computers on the x-axis and teachers on the y-axis illustrate the school board's budget set. What is the opportunity cost of one additional teacher?
The first of a series of equal monthly cash flows of $2000 occurred on April 1, 2008, and the last of the monthly cash flows occurred on February 1, 2010.
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