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Why did economics, as we know it, not exist for many centuries still after Aristotle defined its root 'oeconomica'? Were economic ideas and/or observations present? What were the deficiencies of context present precluding any systematic analysis?
1. Consider the situation of the concept of Green energy policy and conservation. What is the issue at hand and what are they hoping to do Explain. 2. What are the anticipated benefits of using the electric cars and the new florescent light bulbs E..
1. in a year weather can inflict storm damage to a home. from year to year the damage is random. let y be the dollar
if the price elasticity of demand for a product is -5, and the income elasticity of demand for the product is 2.5. If a .5% decrease in product price as accompanied by a 1% decrease in consumer income, the firm's total sales will increase, be the ..
go back to the numberical example with no factor substitution that leads to the production possibility frontier in
We typically focus on firms from well-developed economies entering markets of less developed economies. Do firms from less developed economies have a chance of success if they enter developed markets such as the United States What competitive adva..
suppose a monopolist faces the following demand curvep 596 - 6q. if the long run marginal cost of production is
the nation of ectenia has 20 competitive apple orchards which sell apples at the world price of 2. the following
Assume D represents the level of decentralization of corporate decision-making. The benefits of decentralization, denoted B, = 3D and the costs of decentralization, denoted, C = 2D + 2D2. What is the optimal level of decentralization (D)? Expl..
Is it possible to collect new tax revenue, and at the same time guarantee that the poor individual will not be made worse-off by the new carbon tax? Be specific, and make sure you calculate the final tax revenue. Assume the government is able to o..
In each of the following cases, either a recessionary orinflationary gap exists. Assume that the aggregate supply curve ishorizontal so that the change in real GDP arising from a shift ofthe aggregate demand curve equals the size
controlsoft inc. is a supplier of inventory management and control software that is popular with companies in the us.
Based on the Coase theorem, if private parties can bargain without expense, then the private market will solve the problem of externalities
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