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According to the article by jack weatherford, "cocaine and the Economic Deteriotion of Bolia" -A): cocaine production benefitted subsistence farmers in Bolivia by teaching them New Farming techiques. B) cocaine production hurt the eonomy of Bolivia due to inflation but benefitted substence farmers by making them rich C) cocaine production hurt the eonomy of Bolivia due to inflation but hurt farmers because young men were disfigured in cocaine production
Assume that an individual’s preferences is represented by the following utility function: U(X,Y) = (X^α)(Y)
illustrate what is cost of each combination. Illustrate what is minimum-cost combination. Plot iso-cost curves and isoquant, explain how cost-minimizing combination.
Would you say the firm is price discriminating? Why or why not, and if yes what type of price discrimination is this? If people began trading these hard drives freely between the US & Mexico, what would happen to the price?
Explicates how the factors determining resource demand differ from those determining product demand.
Suppose the Federal Reserve Bank adopts expansionary monetary policy. Using the graph of supply and demand for the market of short term Treasury securities, show graphically and breifly explain what happens to the price of short term treasury securit..
Discuss the reasons why small businesses are so important to the U.S. economy. Understanding that “Diversity is also desirable for innovation, flexibility, and organizational success,” how does it then play a part in small business success? Please ci..
Consider a product that you have purchased recently. If the price of this item increases, how would you adjust your purchases? Is the Demand for this product Price Elastic or Price Inelastic?
Suppose a central bank has increased its nation's nominal money supply considerably for several years in a row, but without any increase in inflation. Over the same time, suppose its economy has not grown. Given this information, explain why this mon..
With increased access to wireless technology and lighter weight, the demand for laptop computers has increased substantially. Laptops have also become easier and cheaper to produce as new technology has come online. Despite the shift of demand, pr..
What alternatives are available to the auditors? Use the AICPA Code of Professional Conduct and Josephson Six Pillars of Character to evaluate the ethics of the alternative courses of action
Fast Copy has had several suits filed against them concerning discrimination in the workplace. The plaintiffs in these suits complain that the general set-up of the organization prohibits them from advancement. Explain what type of discrimination the..
One of the three ADM executives was actually an informant who tipped off the Feds about this conspiracy. Which executive was he. Why did he rat out his co-workers.
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