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(a) What do economists mean by the acronym TANSTAAFL.
(b) How would this concept apply to the policy of giving everyone "free" college tuition? Use the concepts of efficiency and equity to support your explanation.
q.you are the manager of a manufacturer that sells protective cases for the samsung galaxy. samsung produces half of
Compute what happens to the quantity of K. Your answer must include the appropriate sign. Correctly round your answer to 2 decimal places. Do NOT include the percent sign as part of your answer.
You are a representative in the NHL Players Association, responsible for ensuring integrity of the game and supporting rules that maintain/increase fan base. Under current rules, a player who receives a game misconduct penalty is suspended for the re..
Suppose a gardener produces both tomatoes and squash in his garden. If he must give 8 bushels of squash to get 5 bushels of tomatoes, then his opportunity cost of 1 bushel of tomatoes is a) 0.62 bushels of squash b) 1.6 bushels of squash c) 3 bushels..
Fred Smith, the inventor of FedEx, came up with a new product called Zap Mail in the mid 1980's. Zap mail, although a monopoly, was not successful. The company lost about $390 million on Zap Mail before the product was eventually discontinued. -- How..
Due to expanded growth in a certain portion of the city, a new waste truck capacity is needed. An additional truck can be purchased now to replace the presently owned assets. The city uses a 5% interest rate for project evaluation. It is economically..
Analyzing and understanding data is an important part of decision making. Econometrics is defined as the statistical methods used to analyze data and make informed decisions. For this assignment, you are required to research data related to an econom..
In an effort to help recover some financial losses due to the economic crisis of the Great Recession, Bank of America announced a $ 5 monthly debit card fee it was planning to impose on consumers. This plan spurred great opposition from Bank of Ameri..
How can the Health Reform Act strengthen the economy? In what ways will it strain the economy? How will it impact supply and demand?
If overall spending rises by $175 billion and the MPC is .80, what would be the change in national output after the multiplier process is complete?
Explain which it would not be optimal for Firm 1 to make the investment if there were no threat of entry.
How are customer expectations today different from customer expectations of say 10-15 years ago? What are some reasons that contribute to that change's expectations regarding the level of customer service received?
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