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Is elitism or pluralism more persuasive in explaining the behavior of political actors, individuals, and groups of individuals when they interact with government? What core assumption about human beings do both philosophies make to drive their assumptions about behavior? Are elites or pluralists more likely to act on their assumptions regarding human nature?
How will the unemployment rate during the current period compare with this economy's natural rate of unemployment? What will tend to happen to resource prices in the future?
Illustrate what is approximately the maximum amount the rm is willing to pay to be allowed to use e more units of input x, for e small
The application of current US antitrust law
q. george and john stranded on an island use clamshells for money. last year george caught 300 fish and 5 wild boars.
The production function is given by f(x)=4x^1/2. If the price of a commodity produced is $60 per unit and the cost of the input is $20 per unit, how much profit will the firm make if it maximizes profit?
What economic factors are taken into account when measuring GDP? b. What makes GDP an effective measure of living standards? c. How might quality-of-life measures be determined and measured?
Why is market power an important element in the rule of reason treatment of tying contracts?
q1. from the price elasticity calculated above we can say that if the price of x increases by 10 then its demand will
W hat will happen to the number of firms, the market supply, and the price of the good as we move from the short run to the long run?
A cappuccino vending machine is designed to dispense an average of μ oz per cup. If the ounces per fill are normally distributed, with a standard deviation of 0.4 oz, what value should μ be set at so 6 oz cups will overflow only 2% of the time?
Assume that the low-calorie frozen, microwavable food company from Assignments 1 and 2 wants to expand and has to make some long-term capital budgeting decisions. The company is currently facing increases in the costs of major ingredients.
Which of the following was responsible for slower economic growth before the Industrial Revolution? There was no instance of technological innovation.
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