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1. In your understanding, what is the importance of studying applied economics?
2. Think of a recent case during COVID-19 pandemic in which decision by the Philippine Government was constrained by the scarcity of resources. How does government resolve the scarcity of resources during pandemic?
3. Why do you think scarcity affects both poorest and richest person in the Philippines. Explain.
Is your employer/ hospital in a competitive market? Market competition affects revenues. Why do you think your workplace is using more technology including nursing staffing software?
Why is the hypothesized trade-off between unemployment and inflation important for policy makers?
The solution to principal-agent problem ensures that the firm is operating
Determine the optimal number of plants that the firm should have to take full advantage of the market demand.
How to derive the IS curve? What is the determinants of its slope and its position.
Explain how total output of the goods can increase when the countries switch to specializing in production of one good rather than dividing their workers evenly between the goods.
How can you know when your team has identified all of the significant risks associated with an IT acquisition alternative? (one or two paragraphs)"
The intercept of a compressed demand function is 10,000 and the coefficient of inverse demand function is – 0. 4. Calculate the following: demand curve ; total revenue curve ; profit maximizing price, when MC = $0.
A designated amount of time and money to account for parts of the project that cannot be predicted such as major disruptions in the project caused by a hurricane. This is known as a(n): James is a project manager for Red, Inc. He needs to hire a comp..
Explain how the great depression affected the us economy, what caused it, why it was so severe, why it lasted for so long, and why the economy finally recovered
Consider the discrete Bertrand game described in the Oligopoly lecture notes/video. According to the rules of this game each student selects a number from the set {0,1,2, 3, 4, 5, 6, 7, 8, 9, 10} and is randomly matched with another student. Whoever ..
A consumer has preferences u(x) = 2x 1 2 1 + x2. The price of good 1 is p1 > 0 and the price of good 2 is 1. You may restrict your attention to interior solutions throughout. Explain whether these preferences are i) monotonic, ii) quasilinear, iii) e..
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