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Problem: Think about the macroeconomic variables covered so far and then stretch for more. What are the four most important variables to you? Are those variables in equilibrium? Are policymakers active in helping or hurting the variables important to you?
Explain the meaning of elastic, inelastic, and unit elasticity as they relate to demand.
Supply, storage, distribution, and finance are all considerations for success in IB. Provide two alternative actions with advantages and disadvantages of each.
In the cost-benefit analysis, the maximum net benefit (NB) occurs in which
What levels of G and S would have maximized their total utility, TU=UGilly+USam ? Now assume that Gilly and Sam decide to move sequentially.
State University must choose between two new snow-removal machines. The Son-Blower has a $60,000 first cost, a 20-year life, and a $5000 salvage value.
Earlier, we discussed the concept of a "subsidy"---in theory, our government could oversee a system wherein it would buy gasoline for $4 on the Supply Curve
Define economies and diseconomies of scale and explain why they occur. Explain the relationship between total product, marginal product, and average product.
You need a government permit (allotment) to grow tobacco. Who gains or loses from such regulation?
Why is corporate culture an important feature for Donna to examine? Can Donna significantly influence the corporate culture at the Westminster Inn?
descriptive epidemiology is used to evaluate trends in health and disease and to be able to make comparisons among the
How would your answer to Problem change if instead we use the long-run model, with shoes and computers produced using labor and capital?
Draw a diagram for two goods, with the quantity of good 1 on the X-axis. What will the indifference curves for substitute goods look like? What will they look like for complementary goods?
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