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You have been give the task of designing an online form a student can use to select ONE course for her schedule.
a. What fields would you include on this form?
b. Briefly describe three specific features you would put into this form to make it user-friendly and less likely to let the user enter bad data.
Elucidate using a graph why the change in real GDP is likely to be smaller than the shift in the aggregate demand curve.
Economic rent represents
Consider tastes that are defined by function u(x, y) = x^2 + y^2. The MUx = 2x & MUy = 2y. Do these tastes have diminishing marginal rate of substitution? Are they convex? Explain your answer.
Boris budgets $9 weekly for his morning coffee with milk. He likes it if it is prepared with 4 parts coffee, 1 part milk. (Milk and coffee are perfect complements here). Coffee costs $1/oz, and milk $0.5/oz. Draw his budget constraint and indifferenc..
A struggling company currently has a total value of $700,000. It owes $500,000 from debt financing (assume these are loans from the bank if you wish). The value of the company to the owners is the difference between the total value and the amount owe..
Nicole earned a salary of $50,000 in 2015. She had losses of $12,000 in stock trades during the year. She will be able to deduct all of the losses from her income on her 2015 tax return. A corporation may deduct the interest it pays on its bonds as w..
The marginal product of any input in the production process is the increase in the quantity of output produced from one additional unit of that input. According to the Law of Diminishing Returns, the marginal product of an input declines as the quant..
Why are fixed and variable cost useful for estimating costs in a factory production line? How do u find fixed and variable cost? (the difference between the two)
GM announced that it will close its Oshawa truck plant in 2009 and a Windsor transmission plant in 2010. Ford also plans a 10 percent cut in white-collar, salaried positions. In total, over 4000 direct jobs will be lost. If the unemployment rate and ..
What is the effect of a lower price level, other things constant, on the aggregate expenditure line and real GDP demanded? How does the multiplier interact with the price change to determine the new real GDP demanded?
Competitors such as Hindustan Unilever are perceived more as Indian companies. Should L’Oréal attempt to be perceived more as an Indian company or should it continue with its foreign brand image? What actions should it take to support your decision?
explain what occurs when a new technology makes another one obsolete in terms of economic profit. consider firm a to be
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