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what is the study of economics? What's the difference between classical economists and keynesian economists?
Find the point at which the demand is of unitary elasticity and find intervals in which the demand is inelastic and in which it is elastic.
The economic principle that consumers are willing to consume more of a good when price is low is depicted by the:
What is the Consumer Price Index and How has the CPI behaved since the year 2000? What have been the causes of these changes? In your response, include a graph of the CPI for this period and cite your source.
Two routes are under consideration for a new interstate highway segment. The long route would be 25 kilometers and would have an initial cost of $21 million.
A manufacturing rm spends $500,000 annually for a required safety inspection procedure on its production lines. A new monitoring technology would enable the company to eliminate the need for such inspection.
ECO202 – Microeconomics - post university - create a market for these drugs, economists can provide helpful commentary based on consumer choice and demand
If she pays $10 for a slab of ribs and $5 for a fried chicken meal, use the Lagrange method to find her optimal bundle.
Develop an understanding of what money is, what forms money takes, how the banking system helps create money?
Explain how Subprime mortgage loans relates to the financial crisis of 2007-2008: Why is this possibility of a liquidity trap significant to policymakers?
Suppose twenty neighbors share a park. One of the neighbors, Al, leaves trash in the park. This bothers the other neighbors.
What happens to the scale of firms in the long run What motivates firms to choose the scale of operation that they do How does the market adjust in the long run when firms are earning short-run economic profits
Is the firm minimizing costs? If not, what steps should it take to lower costs and still produce the same level of output?Is the firm minimizing costs? If not, what steps should it take to lower costs and still produce the same level of out..
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