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Assignment:
1. Come up with two mentally-stimulating questions pertaining to the effects of economic inequality, answerable by yes or no or true/false. Give a reason/ explanation why more people may lean on a certain answer (lean towards yes or a no).
2. What are the effects of economic inequality (provide 8 or more effects, including effects of uneven resource distribution)? Explain each with 4 to 5 sentences.
you have 10 individuals with values 1 2 3 4 5 6 7 8 9 10 and suppose you find a way to charge one price to the
Currently, the mill has the legal right to pollute. Can the parties come to a mutually beneficial agreement to reduce pollution? If so, how much pollution should be reduced?
The marginal revenue product of labor is: a. how much labor can be purchased with the revenue from the sale of one more unit of the good. b. how much does the marginal revenue change when you add more labor. c. the same as the marginal revenue produc..
What are the marginal rates of substitution for each person and what is the formula for the contract curve and draw an Edgeworth box, labeling carefully, and indicate the contract curve.
A family borrows $250,000 from a mortgage company. The term of the mortgage is a 30-year fixed with a 4.85 % interest rate. What is the optimal time horizon for this family to refinance the balance of this loan with a new 30-year fixed mortgage at..
Explain whether he will accept a gamble in which he wins 130 with probability 2/3 and lose 110 with probability 1/3.
In 2012, the box industry was perfectly competitive. The lowest point on the long-run average cost curve of each of the identical box producers was $4, and this minimum point occurred at an output of 1,000 boxes per month.
list and explain the four principles of individual decision-making.provide an example of a decision in which you faced
Discuss how organisations design and build services to attract new and existing customers to buy their services. Refer to the research you have presented previously in your research report.
Helen can earn 3% interest in her savings account. Her daughter Roberta is 11 years old today. Suppose Helen deposits $4000 today, and one year from today.
i. Calculate variable cost, average fixed cost, average variable cost, average total cost, and marginal cost.
Why might the problem of rapid urbanization be a more significant population policy issue than curtailing population growth rates over the next two decades for most developing countries? Explain your answer.
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