What is economics, What is economics? What role does

What is economics

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Reference no: EM131094664

What is economics? What role does economics play in your personal and organizational decisions? Provide an example of the role of economics in decision making

Reference no: EM131094664

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What is the equilibrium quantity : soda consumption, the government has placed a tax of $4 per two-liter bottle that is added to the consumer’s bill at the checkout. Before the tax was imposed, what was the equilibrium quantity? After the tax is imposed, what is the equilibrium quanti..

What is the total cost of providing that amount of water : The market marginal value curve for water (measured in thousands of gallons) is MB=220-.5Q, where MB is the marginal value of water, and Q is thousands of gallons of water each period. The marginal cost of providing the water (including treatment, pu..

What is the marginal cost of training for firm : Two suppliers have been contracted by a government agency to provide a total of 250 hours of training services to help agency employees learn how to use a new computer system. The marginal cost curve of firm 1 is MC1=15+.4Q1, while the marginal cost ..

The level of investment after rise in government spending : Assume that in a small open economy with full employment, consumption depends only on disposable income. National saving is 300, investment is given by I = 400 - 20r, where r is the real interest rate in percent, and the world interest rate is 10 per..

What is economics : What is economics? What role does economics play in your personal and organizational decisions? Provide an example of the role of economics in decision making

Child-care subsidies to working single parents : Assume that a state government currently provides no child-care subsidies to working single parents, but that it now wants to adopt a plan that will encourage labor force participation among single parents. Suppose that child-care costs arc hourly, a..

Difference in labor market earnings in each year : Briefly explain how each of the following factors affect 17 year old Bob's decision to go to college:his discount rate, the difference in labor market earnings in each year post-college between what Bob would earn with and without the college degree,..

Encourage labor force participation among single parents : Assume that a state government currently provides no child-care subsidies to working single parents, but that it now wants to adopt a plan that will encourage labor force participation among single parents.

Confidence intervals for the unknown population mean : In a study of the income of U.S. factory workers, a random sample of 100 workers shows a sample mean of $35,000. Assume that the population standard deviation is $4,500, and that the population is normally distributed. Compute the 90%, and 99% confid..

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