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A. Sources used to research this person 4-5 non-web based (Periodical, date, pages, etc. MLA) with works sited on the last page. Do not reference the course text book.
B. Summary: (three to five main facts about this person; please include important dates, school of thought, major contribution to economics, any impact(s) we are witnessing today, and any other relevant information you believe is necessary for us to know about.
C. Brief Personal Analysis (Personal opinions and reactions to the assignment are encouraged. Length of this section must be at least equal to the length of last Section B.
Find the supply function for the hospitals and Suppose the hospitals merge into one umbrella organization to improve their bargaining position. What would the new price and equilibrium be?
Delineate which market participants you believe benefited from the final court decision and whose interests were harmed.
Explain how GDP would return to equilibrium if it was above or below equilibrium GDP. Whenever there is change in spending, there will be a change in real GDP. Explain why this is so.
What is the difference between elastic and inelastic demand. Please be precise. If a restaurant increases its price of coffee from $ 1.00 to $ 1.20 and quantity demanded falls from 100 cups to 80 cups. How can I compute the price elasticity of dema..
This document shows the uses supply and demand model to explain the evolution of the price of gold and silver.
The firm's president concurs with the opinion of the executive vice-president and As the head of marketing you respond with a memo pointing out that the price elasticity of demand for the firm's product is about -0.5. Why is this fact relevant?
Graph and describe what effects would be short run production function if a new advanced process was found and how would the number of employees hired change?
The Apollo Products Company currently collects all of its customer payments in Detroit. By going to a new lock box system with boxes in Los Angeles, Boston, and Atlanta, Apollo Products can reduce the total time it takes to convert customer paymen..
By conducting a demand analysis and forecast for pizza, you will be able to make a decision whether The Pizza Company should establish a presence in your community.
Consider the following demand schedule. Does it apply to the perfectly competitive firm? Calculate marginal and average revenue.
Determine the impact of tariffs and quotas on international competition and discuss two recent examples and how it effected your employer's industry.
The details about three identical firms operating in Cournot competition are given. The demand curve with marginal revenue, profit maximization, optimum quantity, total demand and market price related questions are answered.
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