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What are the economic concept? What is market? What is a competitive market? What is supply and demand?
What sort of relationship would you expect to see between the price of bonds and the interest rate?
Illustrate what type of economic flow would be illustrated by the purchase of a Mexican candy-making factory by a U.S. corporation.
What factors underlie whether specialization in production will be partial or complete on an international basis.
Describe the free trade equilibrium. Then compute and graph the following effects of an import quota that limits imports to 100 bags.
Include the circumstances of the proposed monopoly and the reason the government stepped in. Predict what would have occurred had the monopoly succeeded.
K is the number of coffee machines (capital), and L is the number of employees hired per hour (labor). Illustrate what is the average product of labor.
Suppose you know that the actual annual rate of return on a year of education is 5% for both types. Given the numbers in par (c), which type (Alphas or Betas) most likely receives more pure enjoyment from education?
If you were the angel investor, what is your certainty equivalent for these two projects? Are you risk-averse, risk-neutral, or risk-lover?
Assuming that your opportunity cost funds interest rate is 5% which refrigerator would you buy and why.
PL is the price of unskilled labor in dollars (the wage rate = $6), PC is the price of capital as a percentage, I is family ncome also PS is the price of California oranges.
Elucidate the production combinations society would like to choose. the boundary that divides all production combinations into attainable ones.
During the course of one day, airlines cut fares on nearly 35,881 routes. (a) Briefly explain why airlines might be more likely to match price cuts than price increases. (b) Which theory of oligopolistic behavior does the above situation most res..
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