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What is the basic economic problem that all persons, businesses and countries face? What are the differences in the way a market process vs. a command process attempt to deal with the basic economic problem? What is the difference between Economic Profits and Accounting Profits? Discuss the importance of taking into account the opportunity costs (implicit costs) in investment decisions. Illustrate you discussion with examples.
Ivan owns a small boat and catches shrimps off the Redondo Beach. His weekly cost function is TC(q) = 10 + 5q + q2.
Compare a national presidential election that receives round-the-clock media coverage with an obscure local race for a state house seat.
What is the government spending multiplier
The Future Flight Corporation manufactures a variety of Frisbees selling for $2.98 each. Sales have averaged 10,000 units per month during the last year. Recently Future Flight's closest competitor, Soaring Free Company, cut its prices on similar ..
Why might the official measured rate of unemployment not accurately reflect “real unemployment? What has contributed to the public debt in recent times? What are the burdens associated with a large and growing public debt?What constraint do policy ma..
What Economics priniciples discussed by Stonebraker should have warned us that ObamaCare (PPACA) would increase premiums rather than reduce them?
If the farmers bargain over the cost of replacing the fence that each has to pay, and have equal bargaining skill, how much does each contribute to the cost
Currently, K = 100. What is the cost of producing 10 units in the short run? Hint: first determine how much labor is needed.
Presume that Denmark and France both wine and produce oil. France's opportunity cost of producing a bottle of wine is 5 barrels of oil while Denmark's opportunity cost of producing a bottle of wine is 10 barrels of oil.
Essay addressing the following points: 1. Economic effects of food dumping (Public Citizen)a. Driving down world pricesb. Eradicated food2. How does food dumping contribute to poverty?
What is the PW (at i = 10%) of the following electric power-generating project? There is a $180,000 overhaul cost in year 8. The first cost is $420,000.
Analyze the most significant economic effects of the researched issues on healthcare industry. Provide at least two (2) examples of these issues to support.
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