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What does it mean for a good to be elastic? How can you tell which goods are elastic?
Find out the price elasticity of demand regarding to the money price using "arc elasticity."
What are the two primary factors that influence a firm manager's choice between a labor intensive and a capital intensive method of production? Explain how a manager should make his or her choice in selecting the amounts of labor and capital to use i..
Take a position on whether the banking industry needs more or less government regulation. Support your position with two examples of the impact of regulation.
Manchester Foundry produced 45,000 tons of steel in March at a expenses of $1,150,000. In April, foundry produced 35,000 tons at a cost of $950,000.
Question: "As we know, environmental destruction is frequently a symptom of poverty. How might we internalize negative externalities of environmental destruction and correct for some market failures?"
What would be the net price received by the cigarette producers - find the consumer surplus, graphically and algebraically.
Postcard: Bangalore. Hearts set on joining the global economy, Indian IT workers are brushing up on their interpersonal skills. The huge number of Indian workers staffing the world's tech firms and call centers possess cutting edge technology know..
Find National Trade Data. Determine the trade balance between the U.S. and China for the most recent five year period
a. a nation with fixed quantities of resources is able to produce any of the following combinations of bread and ovens
Pawel spends half of the year working in Britain where he consumes British food q and half of the year in Poland where he consumes Polish food Q.
What are the advantages and disadvantages of breaking up these sport cartels? Explain.
Keynesian thinking dominated US (and other developed-country) policy-making well into the 1970s, although the "classical" counter-arguments kept up a steady criticism:
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