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Think of a business company you recently visited [such as Walmart, Home Depot, Red Lobster, Barnes & Noble, McDonald's, etc.]. What motivated producers of all individual iteams in the store to make them and offer them for sale? How did the producers decide on the best combinations of resources to use? Who made those resources available, and why? How does the market decide who will get the goods and services? Who decides whether these particular products should continue to be produced and offered for sale? Explain how do these decisions differ between capitalist and socialist systems?
Later Henry ford invented the assembly line for manufacturing automobiles, other automobile firms copied his invention.
Illustrte what is the put premium on a December 25 PHLX pound contract with an exercise price of $1.81.
Depends on the data above, describe why public health officials generally advocate the use of cigarette taxes to reduce teenage smoking.
The Microsoft trial has been only one of the biggest investigations of antitrust behavior as the turn of the century.
As a government needs to increase tax income, it will often increase the sales tax on gasoline.
Ellucidate in words the effects of the rebate on supply and/or demand and its effects on quantity and price.
Graph these data using "dollars" on the vertical axis and "quantity" on the horizontal axis. At what output is revenue maximized?
What is the share of Household A's income spent on education? Does this household consume more or less education if EF = 20 is provided by the government? What is the share of Household B's income spent on education?
the wages of players have raised enormously, in particular the salaries of high-quality pitchers.
You are a pharmacist in a small town. Explain how can you use this information to your advantage.
21st century electronics has found a theft problem at its warehouse and has decided to hire security guards. The firm wants to hire the optimal number of security guards.
Draw a set of indifference curves for Jones, and second set for Smith, with alcoholic drinks on vertical axis and non-alcoholic on the horizontal axis.
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