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What are the major differences between capitalism, communism, and socialism? B. Discuss the three major economic indicators and how they are indicative of our current economic climate.
Corn is used in the production of ethanol, which is a substitute for gasoline that can be blended with gasoline to stretch oil supplies in producing refined gasoline. Much of the farmland in the America Midwest can be planted with either wheat or ..
In the diagram, add an indifference curve to illustrate the family's optimal bundle after receiving the SNAP card. Assume the family has homothetic preferences. Label this bundle with the letter H for homothetic.
One of the major political developments of the past several decades is the growing size and economic/monetary integration of the European Union. Elucidate what effect do you think this will have on international trade between countries.
Describe implications for pricing of batteries, brakes and oil changes on the sale of tires.
It is given an offer to split, if you accept this offer you keep the $1, and the other player keeps $19.
Describe several major antitrust cases in the United States. How do these laws affect (or affected) your work place or products used at your work place.
Households make four kinds of economic decisions. Assume you have two households with the same income. Household A has one income earner and Household B has two income earners.
A United State corporation CTM borrows $1,500,000 at LIBOR + 125bp p.a. on a 6M rollover basis from a London bank. If 6M LIBOR is 4 1/2%
Determine the profit-maximizing quantity for a monopolist. You can ask the firm's to draw the firm's revenue and cost curves
Suppose that a business has developed a very high-quality product and operates more efficiently in producing that product than any other potential competitor.
Consider a 2-company Cournot model. Let ci (i=1,2) denote firm i's cost per unit of output produced, and suppose that c1 > c2 .
Compute the total revenue and total economic profit at each level of output. Compute the pizza shop's marginal costs and marginal revenue level of output. What is the profit maximizing rate of output for pizza shop?
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