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What do we mean by Consumer and Producer Surpluses and how are they calculated? Who benefits, CONSUMER OR PRODUCER, if countries engage in trade and domestic price of tradeable good exceeds that of foreign equivalent? Address rhese questions using the case of the motor bike.
Compare and contrast Keynes' Law and Say's Law as they relate to aggregate demand and aggregate supply.
Assume that the consumer has $10 to spend on A and B; that is, x + y = 10. What is best way to allocate the expenditure of the $10? What is the marginal utility per dollar in the optimal allocation?
What is more, exports are an increasingly important aspect of the U.S. economy." (New top markets series provides data, 2015)
Elucidate why would a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system.
The mayor of College Park is considering implementing universal pre-K specifically to help minimize the racial achievement gap at an early age.
Imagine Victoria Industrial Equipment Corporation (VIEC) located in Canada has an asset costs $675,000 at the beginning of the year.
Need help with an algorithm to count the number of 1's in a 32-bit number in a high level language like C or Java. implementing it with MIPSzy
Assume that equilibrium GDP (Y) is 5,000. Consumption (C) is given by the equation C = 500 + 0.6(Y - T). Taxes (T) are equal to 600. Government spending is equal to 1,000. Investment is given by the equation I = 2,160 - 100r, where r is the real i..
Question: What is the minimum efficient scale of production? Please provide the complete solution of this problem.
The video about VR and Facebook includes a discussion that virtual reality platform will be a future human computer interface. In terms of user experience, how would you envision the future of Faceboook based on this argument?
Even though the Net Present Value is the most preferred model of gauging a viable investment, I am sure there are situations that the payback period
1. What are opportunity costs? Why are they important for value-creating decisions?
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