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Assignment:
During 2021, an historical fiction author traveled to Boston to take a summer course about Colonial history. She did so to research her next book. She spent $300 for airfare, $400 for lodging, $200 for restaurant meals, and $150 for tuition. What is her deduction for the trip?
Finding dominant strategies is often a very effective way of analyzing a game. Consider the following game: Microsoft and Apple are the two firms in the market for operating systems. Each firm has two strategies: charge a high price or charge a l..
a random sample of 10 economists produced the following forecasts forpercentage growth in real domestic
What are the costs of making those "systematic mistakes"? Is it possible to act "irrationally," or is rationality defined by the individual's approach to decision making?
How have they done in the past? What is their current state? What kinds of plans and possibilities do they have for the future? Is there room for improving what they do?
Assume that Country A has a population of 500,000 and only produces one good-cars. Country A produces 100,000 cars per year. The people in Country A purchase 90,000 cars, but there are not enough cars to fulfill all the demand. They decide to impo..
How much do you need to invest now at an 8 % interest rate compounded semi- annually in order to have $10,000 in 5 years?
In an economy the activity of digging holes in the ground is carried out by self-employed labourers (single-person firms). The production of one standard- sized hole requires a minimum input of one unit of labour. No self-employed labourer can pro..
What would be the equilibrium wage in the destination and in the origin countries? University of California Irvine.
Pop Dillard keeps hundreds of dollars in his mattress, saying he's distrusted banks ever since the Great Depression. Does the money he holds in his mattress provide a service to him
In 300 words or more, discuss one current event article and explain how economic theory can be applied to analyze the information presented.
Using the Specific Factors Model (i.e. Labor is mobile but Land and Capital are specific to agriculture and manufacturing) what would be the effect of foreign.
Suppose the demand for car washes in Collegetown falls as a result of a cutback in college enrollment. Show graphically how the price and output for the market and for a single firm will be affected in the short run and in the long run.
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