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With reference to the theories of Schumpeter, and the activities of one or more real world entrepreneurs during the last decade, explain how entrepreneurship can be either productive or unproductive (/destructive).
If homeowners purchased a $250,000 home with a zero-down, interest-only mortgage, and the value of the home subsequently fell to $200,000, in order to sell the house and move to another city, the homeowners would be required at closing to pay (in add..
elucidate how income changes along demand curve and why a local builder seeking to maximize income on a small site would be interested in elasticity of demand.
Suppose instead that the station seeks to maximize its profit from sales of the DVDs. Illustrate what price should it charge. How many DVDs should it order from which supplier.
Suppose that firms are NOT owned by consumers.than what is the value of that maximizes total consumer well-being?
What is the immediate effect of the increase in demand on the price and quantity of yellow corn? Yellow corn and white corn (the key ingredient in corn tortillas) are substitutes in production. As a result of the changes in the market for yellow corn..
Which of the following items are not considered resource costs even though they are counted as income paid to persons?
Illustrate what was the growth rate of the GDP deflator between 2007 and 2008. What was real GDP in 2007 measured in 2000 prices.
Discuss the predominant pricing strategy within the video game industry. Make sure to comment on the degree of market power (i.e., the ability to set price) possessed by firms in the market/industry. Consider the role of pricing practices such as pri..
What is meant by culture of compliance. Is the concept applied consistently? In which countries or contexts does this arise? Is it likely to continue to be a factor in regulatory or ethical decisions? What can one do within an organization to foster ..
The marginal cost curves intersects the average total cost curve.. a) at the efficient scale, b) where the firm maximizes profit, c) at the minimum of afc d) where fixed costs equals variable costs
Points that lie outside the production possibilities curve are ______, and points that lie inside the production possibilities curve are ______.
Sally owns a ceiling fan company. Last year, she sold 1300 ceiling fans at $60 each, and each fan costs her $30. Before going into the ceiling fan business, she worked as a fan-dancer at $38,000 a year.
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