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Assignment
Exploration of Mars
Do some research on NASA and the U.S. government's goals for sending a human to Mars. Find the answers to the following questions:
• What are our goals for Mars exploration (i.e. by when do we hope to reach Mars and what do we want to find out about it)?• What obstacles must be overcome to have a successful manned trip to Mars?• What is the scientific value of going to Mars?
After doing your research, take a position on Mars travel. Do you think we should spend billions of dollars to explore Mars? Why or why not?
What happens to the real interest rate, output, consumption, and investment in the short run (in which the price level is fixed)? What happens in the long run to the real interest rate, consumption, investment, and the price level?
Consider a monopolist has a marginal cost such that MC=Q. In that market demand follows the equation Q (of demand)=500-.5P. What is the price the monopoly will charge? How much will the monopoly produce?
If average total cost is declining, then: A. marginal cost must be greater than average total cost. B. the average fixed cost curve must lie above the average variable cost curve. C. marginal cost must be less than average total cost.
The incentive for the managers of a government-operated firm (for example, a state university) to promote internal efficiency and keep costs low will be
Assume that you want to minimize your total cost of completing 1000 units of work. How manyworkers would you hire and how much would you pay each of them.
How has organizing a successful firm in a market economy changed over the last century? a) There has been no change over the last century. b) It has become easier as more and more firms discover how to do it.
Please write a respond paper to the following Hyperinflation in Germany 1923 https://www.youtube.com/watch?v=WI1i5yhwOz8 and Zimbabwe Hyperinflation in current modern era https://www.youtube.com/watch?v=Jt15F21jpN8.
Explain how does a subsidy to consumers differ from a subsidy to producers in correcting for a positive externality.
Explain in briefly about two paragraphs the supply and demand analysis and the impact of government regulations at McDonalds.
Which local and global issues are you most passionate about, and how could your developing intercultural competence support your actions in addressing these issues?
What is the short-run equilibrium, real GDP and price level and does Japan have an inflationary gap or a recessionary gap? What fiscal policy can be used to correct this gap?
Illustrate what happens to the AFC per paper, the MC per paper, and the minimum amount that you must charge to break even on these costs.
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