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Q1. You have tickets for a concert tonight that you have been looking forward to. Your mother, who is helping you pay your tuition, phones and says that it's very important to her that you come to Grandma's birthday party tonight. Using the law of demand, explain your decision - the concert or Grandma's party? [hint: think about opportunity cost]
Q2. A flower sell for about $40 a bouquet most of the year, and at that price, worldwide sales are 6 million bouquets per month. Every February, the price of flowers doubles to $80 a bouquet, but the quantity of flowers demanded and sold also increases, to 24 million bouquets per month. The cost of producing flowers doesn't change throughout the year. Explain what else is going on that saves the law of demand.
Q3. If you could spend the next hour studying economics or working at your part-time job, which pays $11 an hour, what is your personal opportunity cost, in dollars, of studying?
A lathe costs $56,000 and is expected to result in net cash inflows of $20,000 at the end of each year for three years and then have a market value of $10,000.
Analyze the current health care delivery structure in your state. Compare and contrast the major determinants of health care market power.
What is the paradox of thrift? Is Saving Good or Bad?Is it real?
Explain how the Laws of Supply and Demand are illustrated in graph and describe the equilibrium price and quantity in market.
3. Would expanding coverage of pharmaceuticals to all Canadians necessarily cost more than is currently spent? Describe one approach to expanding pharmaceutical coverage. 4. Describe the four components of home care policies.
Show through a graph how a tax on a second good can increase welfare? What are the policy implications of this result? How does it apply to capital taxation?
If the United States wants to increase its net exports in the short term, it might take steps to:
Suppose the annual inflation rate is at 2% and 8.5% of the labor force is currently unemployed. If you were on the Fed's Open Market Committee, what action would you prescribe? How would this affect the economy, the inflation rate, and the unemplo..
you have been hired to manage a small manufacturing facility which has cost and production data given in the table
Current debate between the White House and Congress regarding what measures are necessary to address spending and revenues
Describe the strategic role and purpose of organizational behavior for the company selected. Identify the organizational factors of organizational behavior.
Which of the following is NOT a method for unions to seek higher wages?
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