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What was the Enlightenment? How may have the Enlightenment been important for the precocious economic development of Europe?
Stroika Concrete makes bags of easy-use concrete for the DIY market. The company mixes their concrete using two ingredients, "Great Grit" and "A1 Aggregate". Great Grit costs L1 per kilogram and consists of 20% fine sand, 40% coarse sand and 40% grav..
Suppose that the market for engagement rings is in equilibrium. Then political unrest in South Africa shuts down the diamond mines there. South Africa is the world's primary supplier of diamonds. What will happen.
The production possibilities curves above show all the possible combinations of helicopters and scooters that two towns, Millerville and Jamestown, can create using equal amounts of resources.
Derive the demand curve good X for the utility function U=X3Y4. Show your work.
Suppose there is a movie monopolist selling to students, adults, and seniors. The marginal cost of tickets is fixed at $7.00. What prices will a monopolist set when it can discriminate? How much profit will the firm make? Suppose the firm would rathe..
You want to study the effect of education on earnings (yit = earnings). You have panel data on annual earnings for many workers. You think earnings will depend on age, education, and union status and you run that regression.
Requiring every American to get mandatory health care insurance has been a controversial part of health care reform debates in the United States. Putting aside other arguments for or against mandatory coverage, this policy would reduce
Describe the Malthusian projection about limits on economic growth, and discuss what factors have proven him wrong (if you think he was wrong). Or, if you think his predictions are still valuable, discuss what limiting factors, particularly demograph..
Hotel costs are $100 per night. Compare the economics with reasonable assumptions for meal expenses. What irreducible may dominate the decision?
Consider an economy where population growth is 0, but technology growth is positive and equal to g. Suppose that the depreciation rate decreases. i. Use graphs to illustrate how the steady state and the golden rule change. ii. What is the effect on t..
Why are companies using more technology input while reducing labour input. Why are Average Cost Curves U-shaped. Illustrate what is Law of Diminishing Returns.
Discuss what you think are the most important challenges for both unions and management in a union workplace. Why are the challenges in a nonunion workplace? How have these challenges changed over the last 5 to 10 years?
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