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What is ceteris paribus? Why are we concerned with it? Is Economics the only field that deals with ceteris paribus?
ECON 510 - Homework Assignment Derive the conditional factor demands for l and m and Derive the cost function and show that the conditional factor demands are homogeneous of degree 0 in input prices.
Do you advocate an active or passive policy approach? Why? Why might an active policy approach be more popular than a passive approach, especially during a recession?
Explain how you think macro-economics applies to Walmart. What would it contribute to your understanding of this organization's prospects.
Could a future advance in technology allow product ion beyond the current production possibilities curve? Could international trade allow a country to consume beyond its current production possibilities curve?
Government play in affecting the supply also demand of a key commodity such as gasoline or electricity?
Imagine you are an Information Systems Security Specialist for a medium-sized federal government contractor. The Chief Security Officer (CSO) is worried that the organization's current methods of access control are no longer sufficient.
Calculate the average growth rate of US population and total employment in educational services in the last decade (2000-2010). (Hint: use the formula for the implicit growth rate from the lecture notes).
Assume the price of every old edition microeonomic book. Determine the values of B and T that maximize Sam's utility.
externalities-analysis and policy design suppose that in a competitive market demand is given by the equation p 600 -
What was Real GDP for 2009 - How did GDP change from 2008 and what caused these changes?
Describe the output level of the firm, the number of workers it employs and the profit of the firm.
Now suppose you decide to use a simple block pricing strategy whereby you offer your product as a single package of a predetermined number of units. How much will you sell to a typical customer? (Hint: What is the optimal bundle size?)
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