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Question: Now that you have spent some time working through the course material, I want you to stop and reflect on the content of economics and answer this question. This question should be answered in 500 words (more or less). Why study Economics? Why study Managerial Economics? What are, in your opinion, some defining characteristics of managerial economics (as opposed to other types and forms of economics)?
Suppose the economy is at a short-run equilibrium GDP that lies above potential GDP. Which of the following will occur because of the automatic mechanism adjusting the economy back to potential GDP?
given the following supply and demand modelqd a - bp eyo demandqs -c dp fpr supplyqd qs
suppose that u.s. citizens start saving more. what does this imply about the supply of loanable funds and the
Why is executive budgeting important? What is good about executive budgeting?
at a recent meeting the president and the ceo of production inc. got into a heated argument about whether or not to
In mid-1968, the government imposed a 10% income tax surcharge on personal and corporate income to pay for the costs of the Vietnam War.
write a 2 - 3 page paper that identifies and explains a current controversy concerning the us federal budget and fiscal
A chemical engineer has two catalysts and three temperature settings that she wishes to use in a series of experiments. How many treatments (factor-level combinations) are there in this experiment? Carefully describe one of these treatments.
Presume technology improves and that workers are not the same (as opposed to what we discussed in class). Some are high skilled (like those with a college degree) and some are low skilled (like those with a high school degree).
The oil price shock of 1980 sent gasoline prices sharply higher. Coal prices moved in sympathy with oil prices, with the result that coal companies earned pure economic profits
Do you generally believe that raising taxes on the rich is an appropriate approach for reducing economic inequality?
Lubbock County is planning to construct a bridge across the Rio de Lubbock to facilitate afternoon skiing in the El Dusto Ski Basin. The first cost for the bridge will amount to $6,500,000. Annual maintenance and repairs will amount to $25,000 for ea..
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