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Question: If you have the average age of everyone in the class, and a new member comes into the class, what will be the marginal age?
a poncho company has the following short-run production functionq l 100l 5l2the cost of capital in the short-run is
a) By using the provided Lagrangian, state the individual's budget constraint and offer an intuitive explanation of this constraint.
This price reduction would also increase sales to 220,000 units during the relevant years. a) Make the decision tree. b) What is the optimal strategy for the monopolist?
The manager of EverClean finds two output levels that appear to be optimal. Show what these levels of output are, and explain which one is actually optimal.
Draw a graph of the market for fire extinguishers, labeling the demand curve, the social-value curve, the supply curve, and the social-cost curve.
For this discussion, answer the following questions about fundamental economic principles based on your course knowledge and experience.
The US economy slowed down sharply in the latter half of 2000, and the actual recession started early in 2001. Monetary policy eased sharply throughout 2001.
Discuss a change in demand resulted in a change in the market price. Provide an example of how a change in supply resulted in a change in the market price. How does the price mechanism work to keep markets in equilibrium?
macro-environment factors: identify the relevant segments and trends in the demographic, economic, regulatory, socio-cultural and technological environment;
A mass transit subsidy will result in auto use and mass transit ridership levels that are closer to their social optimums than would occur without the subsidy. Use the graphical model discussed in class to explain the effect of a mass transit subsidy..
Describe the process of developing stakeholder relationships. What parts of the process seem most important? What parts seem most difficult?
Effects of Proportional Income Tax on Labor Supply . Suppose that the government imposes a proportional income tax on the consumer's wage income.
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