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One of the important points of week one is scarcity and it applies to resources. What are resources? Give some examples of the resources that you have at your disposal and how you use those resources. What makes them scarce?
when walmart locates in a smaller town, often the local retailers hardware, clothing and appliance are unable to successfully compete and are driver out of business why does walmart have a cost advantage over its competitor and charge lower prices
Explain the effect these vending machines have on the speed of market adjustment. Have you ever wanted to buy a soft-drink on a very hot day, only to find that the vending machines are sold out. How would widespread use of such vending machines af..
Suppose an investor has the utility function U(R,s) = R - 0.3s^2 (Here, R denotes the expected rate of return (R) of their investment portfolio and s denotes the risk associated with that portfolio, but this information is not necessary to solve ..
A producer produces good y using a single input x according to the production function y=x^a where 0
The XYZ Corporation has estimated the expected cash flows for 1996 to be as follows, Calculate Expected value, Standard deviation, Coefficient of variation
Given below is a table with total information for a firm in a perfectly competitive industry.
Explain why does the magnitude of price elasticity differ in a and b above, although the same set of price-quantity combinations are used to compute the price elasticity of demand
Calculate GDP and the country's gross national expenditure using the expenditure approach and derive the country's gross national product (GNP)
Illustrate what did the USA do like other countries as well after the first oil price shock.
People of different age groups and situations take advantage of part time employment opportunities provided through the fast food industry.
Get price level stability under these conditions the government should:
Describe the economic causes also consequences of environmental devastation and its impact on achieving sustainable growth and development.
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