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What is harm reduction? How is it different from abstinence?
Luke has $16 to spend on his lunch at his school cafeteria every week. A slice of pizza (P) costs $2 and a submarine sandwich (S) costs $4. Luke likes an average more than extremes. Draw an indifference curve diagram (place pizza on the horizontal ax..
What factors might contribute to low or high growth rates in a country? How can sustainable long-run economic growth rate be realized? What are the roles of the government in achieving sustainable long-run economic growth? What is the relationship be..
Your client is about to establish his own business and hire at least 10 employees. They ask you for advice concerning establishing a qualified vs. a non-qualified retirement plan. What do you advise your client?
There have been a number of papers in the literature emphasising the role and importance of network structure in economics, the equilibrium arising therein and the relationship between the topology and other graph properties and the equilibrium.
Explain how businesses maximize profits in a perfectly competitive market. Comment on the benefits to consumers in such as market.
You are the project manager for your organization and you're working with your project team and stakeholders to develop the risk management plan. According to the PMBOK Guide, what is the only output of the project's risk management planning proce..
What are the effects on the price level and real GDP of a major union wage settlement that significantly increases wages or a sudden increase in price of an important raw material, such as oil. Is this a supply shock, a demand shock, or both? Can you..
Portfolio Risk and Return. Suppose that the S&P 500, with a beta of 1.0, has an expected return of 13% and T-bills provide a risk-free return of 4%. How would you construct a portfolio from these two assets with an expected return of 8%? Specially wh..
Suppose that a firm faces the production function Q = 3K2L3, where the cost of labor and capital are w and r. What are the demand curves for labor and capital?
Suppose the hotel in the lecture example raised its price from $30 to $30.50. With the new price, the hotel expects 96 guests to arrive 5% of the time, 97 guests 10% of the time, 98 guests 20% of the time, 99 guests 30% of the time, 100 guests 25% of..
Suppose a drop in the compensating wage differential between risky jobs and safe jobs has been observed. Two explanations have been put forward: Engineering advances have made it less costly to create a safe working environment.
Draw two markets, one for skilled workers and one for unskilled workers. If the number of unskilled is rising due to immigrotion (both legal and illegal) and this demand for skilled workers is rising, what occurs in the two markets?
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