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Questions:
1. Answer the question posed in the situation, listing 15 economic elements.2. What are the economic sectors that are favored by building a car like the Mercedes? Justify your answer.3. What is the economic system in which the situation arises? Justify your answer.4. Would it be feasible to build this type of car in a centralized or planned system? Justify your answer.5. Determine which factors of production are involved in the process.6. What is the opportunity cost of producing a car like the Mercedes?7. Explain whether the situation arises in a microeconomic or macroeconomic environment.
If the equation that represents the quantity demanded as a function of price is Qd=20-1.25p and the equation that represents inverse supply is p=1+Qs/5
Halcrow,Inc., expects to replace a downtime tracking system currently installed on CNC machines. The challenger system has first cost of $70,000, an estimated annual operating cost of $20,000, a maximum useful life of 5 years, and a $10,000 salvage v..
Identify three types of competition that most firms encounter other than competition from other firms in their industry in their home country.
What is the difference between second-degree price discrimination and third-degree price discrimination?
Discuss the various stages of Data Analytics Lifecycle. Which of the stages is more important to you and why?
Using the Circular Flow, we have explained why the current account and the financial account balances should sum to zero. For the US, we have seen that the current account balance is usually negative while the financial account balance is positive. P..
1. How would you describe your personality through clothing?
They could each decide to work a few extra hours on Saturday and earn more income. But they choose to play tennis or to relax around the house.
If the price ceiling was still in effect at "Pc", what area would represent the potential "black market" which could arise? What would be the price and quantity
Under U.S. copyright law, authors have the exclusive right to their writings during their lifetimes – unless they sell this right, as most authors do to their publishers – and their heirs retain this exclusive right for 70 years after their death. Di..
Explain the advantages and disadvantages of each of the following sources of finance:
As an economist, analyze the fiscal and monetary policy tools that can be implemented to overcome the recession in Myanmar.
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