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Question: One of the core principles I want students to take away from the class is what we've called the "economic decision-making rule" and informs our theory of individual behavior.
a. Write what the economic decision-making rule is and define marginal analysis.
b. Define sunk costs and opportunity costs and discuss which of the two should be included when engaging in marginal analysis.
c. Explain three contexts where we have seen the economic-decision make rule, interpret it in these contexts, and explain how they inform optimal decision-making (for example, a perfectly competitive firm sets P = MC to maximize profits, which is an application of the economic decision-making rule).
Assume there is a 2.5 % increase in final demand. Calculate the new sectoral and national outputs.
Are there programs or initiatives in place to contribute to the community in some way? Review and describe these programs and comment on their effectiveness to the community, the employees, and the company.
what happens to the money supply interest rates and the economy if the federal reserve is a net seller of government
Ron is looking forward to purchase a good car for himself. After a research he had found that Toyota Camry, Honda Accord, Ford Fusion fit into his budget and that he likes its specifications
a pure monopolist sells output for 4.00 per unit at the current level of production. at this level of output the
Determine the equilibrium market price and the equilibrium market output level and determine the individual's firm's level of profit.
It also argued that people over forty have an increased risk of heart disease, hence the EKG requirement. How would you determine whether this employee should be required to undergo the test?
Why does Burton Malkiel favour index funds? Explain the types of index funds he favors in the book a Random Walk down Wall Street
suppose that the following equations describe an economy. c i g t and y are measured in billions of dollars and r is
Identify the company's corresponding organizational structure and IHR strategy with clear reference and make appropriate use of the key terms and models for understanding MNE business strategy and SIHRM .
When groups are formed, we want to consider how organizational structures, processes, and situations impact on group motivation, politics, and goals achievement. Alignment of all of these structural, personal, and interpersonal components will hel..
Estimate the b coefficints of the non-linear regression and do a statistical analysis of the coefficients and what is the implication of the non-liniear regerssion to MPC?
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