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What is the conventional definition of economics? Any Examples?
What are the some of the shortcomings of real GDP from a welfare perspective? do you have any practical suggestions for revising the computation of GDP to achieve a better measure of welfare?
Assume that an individual has 80 hours per week that can be distributed between two normal products work and leave ( leisure ) . Draw a bid curve for an individual who can earn a maximum of £ 10,000 per week if the individual does not have any leave ..
You have conducted a needs analysis to assess the network access needs of the business you are working with.
In our society, goods and services are allocated primarily based on
q.you possess the following information about ipath. the price elasticity of demand for ipath is -2.5 the cross price
Consider an economy where the production function is Y = K0.5 (LE) 0.5 The depreciation rate is δ = 0.04, the savings rate is s = 0.2, the population growth rate is n = 0.03 and technology growth rate is g = 0.03. What is the ’per effective worker’ p..
Question: What is more useful to an entrepreneur accounting profit or economic profit?
What is the marginal propensity to consume implicit in this data? What is the numberical value of the multipler for this economy? What is the equilibruim level of the real GDP?
How do the core ideas of Hayek about proper use of knowledge in society apply to the internet?
The operator of the tunnel that links Britain and France, Eurotunnel, said that commercial and tourist traffic using its car and coach shuttle service had fallen sharply, leading to a drop in operating revenues of 4%. Eurotunnel's chief executive, bl..
On average, 60% of credit sales are paid for in the current month, 20% in the next month, and the remainder in the month after that.
Your average total cost is $24; the price you receive for the good is $18. Should you keep on producing the good? Why?
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