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Problem
1. The dean of a college faces the following costs: graders, faculty, classroom space, and chalk. Of these costs, which are likely to be variable in the long run?
2. In the pet industry, would you expect the long run to be longer for a pet store or a veterinary clinic?
1 why does the economic transfer price to the consumer include implicit cost normal profits externalitiea and other
A travel agency offers a one week Caribbean tour for $1,000 per person. If more than 50 passengers join the tour, the price is reduced by $5 per additional passen- ger. The tour can accommodate 150 passengers.
there is significant disagreement whether a dependable positive correlation relationship exists between incentive pay
will natural gas or coal likely be used more heavily in the future. Why or why not? Use economic logic to argue your point
From the e-Activity, discuss how the factors you uncovered related to aggregate supply will likely impact the company in the next 6 to 12 months. Provide examples to support your response.
1. what assumptions about preferences imply that indifference curves have the bowed-in shape they are assumed to
Solve for equilibrium output. (Hint: Eliminate the interest rate from the IS and LM relations.) Derive the multiplier (the effect of a change of one unit in autonomous spend- ing on output).
Then, explain why the features of the development of capitalism and the characteristics of the development of the labor movement you have discussed led to class conflict.
assume you are the plant manager for bravo pork rinds which produces pork products in a market that approximates
Economists refer to limited resources and unlimited wants. Which of the following an example is of are source as the term is used by economists? Which of the following is a topic studied in Macroeconomics?
Describe a situation in which unconscious incubation worked for you. Describe one in which it did not. Can you explain why it worked in the first case.
how does a firm determine its prices and the quantity of labor required in the resource market during a specific
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