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When we study technology we should consider how technology is changing and how those changes affect the world around us.
Considering how the world into which someone was born in 1955 was different in 2015 when that person would turn 65. What changes in the world occurred because of changes in computer technology during that time – both in everyday life and “behind the scenes” affecting everyday life. What common devices and social practices, such as using a payphone or having the newspaper delivered, have changed?
Suppose that spending an extra $2m on advertising by GE will reduce its expected profits by $1.5 m, regardless of whether Maytag enters or stays out. Would this additional spending on advertising achieve the effect of deterring Maytag from enterin..
If they currently at point B, what is the opportunity cost of 100 additional cups? if they currently at point D, what is the opportunity cost of 100 additional cups?
What tool of monetary policy will the Federal Reserve use to increase the federal funds rate from 1% to 1.25%?
Which of the following is true about perfect competition?
Compute equilibrium price also quantity. Illustrate what would have occured if price had remained the same
When the average product is decreasing, then marginal product
How far in advance is it worth proving out reserves? b: If the real discount rate were 10%/yr, what is the max time delay?
Illustrate what is value (in millions) of Trumbull's equity if it is viewed as an option. Illustrate what is yield on Trumbull's debt.
A nation in recession reduces the both the personal and business marginal tax rates. What is the likely short-term effect on government deficit (or surplus), aggregate supply, aggregate demand, and GDP price index?
Three college students are considering operating a tutoring business in economics. This business would require that they give up their current jobs at the student recreation center, which pay $6,000 per year. A fully equipped facility can be leased a..
Which of the following best describes the classical view of economics?
At the beginning of this year, daily consumption of gasoline in the US amounted to 344 million gallons. It is estimated that for every 10% increase in the price of gasoline, quantity demanded falls by 1.50%. By the end of this year, the price of gaso..
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