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Questions:
1. Many companies suffered losses as a result of the recent Enhanced Community Quarantine (ECQ) due to pandemic. Suggest an idea that will be suited to the present situation in the Philippine economics perspective to minimize business loss. (at least five (5) sentences)
2. What businesses would you suggest as an economics student in this time of pandemic? Why?
Find the optimal quantity of labor supplied by a consumer who has a utility function for leisure (l) and “goods” (y) of U(l,y)=ln(l)+ln(y) , no non-labor income, a wage of 10, and 2000 hours of time.
The Lange-Lerner model of market socialism of the text, is a system in which central planners try to arrive at competitive prices through trial and error. When a surplus of a good exists, the planners are supposed to lower its official price. When a ..
Assume that the demand for cigarettes is perfectly inelastic, whereas the elasticity of supply is one. The equilibrium price is $1 a packet and the equilibrium quantity is 1000 packets a week..
Find the quantity that maximizes the profit of the monopolist, the profit of the monopolist and the corresponding domestic and international price.
Please write some comment about the following point of view. And it is better that have some real world data to support the comment, from perspective of supporting free trade. “have forced American workers to compete against desperate and low-wage la..
A credit card company wants your business. If you accept their offer and use their card, they will deposit 1% of your monetary transactions into a savings account that will earn a guaranteed 5% per year. If your annual transactions total an average o..
If the marginal cost is a constant of 6, would that mean it is an economy of scale or diseconomy? My first thought was that it would be a diseconomy since I thought MC needed to approach zero for very large quantitities.
Is America obligated to help poor countries? Is foreign aid worsening our budget deficit?
What is the fundamental difference between a license and a franchise? What is meant by the term "organizational culture?" How might a firm using the "transnational strategy" adapt their organizational structure in order to save costs?
Comment on the following statement: “The free market allows hospitals to enter markets too easily; and regulators can potentially improve social well-being by restricting entry.”
For the Pittsburgh Development Corporation problem in Section 4.3, the decision alternative to build the large condominium complex was found to be optimal using the expected value approach. In Section 4.4 we conducted a sensitivity analysis for the p..
Assume that the demand curve D(p) given below is the market demand for widgets:
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