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Describe the Malthusian projection about limits on economic growth, and discuss what factors have proven him wrong (if you think he was wrong). Or, if you think his predictions are still valuable, discuss what limiting factors, particularly demographics and environmental issues, may ultimately prove Malthus to be correct. Or, stated simply, what do you have to say about Malthus and his prediction?
Illustrate what is the quantity of burgers demanded in equilibrium.
Explain the factors that weaken the case for the market sector, such as lack of competition, externalities, public goods, and poor information.
q. 1. suggest how an economist would approach the problem of alcohol abuse. provide two possible solutions to this
What (what circumstances) makes adopting and implementing common macroeconomic policies (monetary, exchange rate) challenging in a Common Market area.
Suppose that one company acquires all the suppliers in the industry and thereby creates a monopoly. Illustrate what are the monopolist's profit-maximizing price and total output.
What is "monopolistic" about monopolistic competition? What is "competitive" about a monopolistically competitive market? Please explain.
If the marginal product of capital is twice the marginal product of labor and the price of a unit of labor is $4, illustrate what must be the price of a unit of capital.
Are legalized forms of gambling, such as state-operated lotteries, consistent with a continuing public policy against the enforcement of gambling contracts? Why or why not? Please discuss and support your comments using legal reasoning and terminolog..
The manager of the aerospace division of General Aeronautics has estimated the price it can charge for providing satellite launch services to commercial firms.
The allocation of promotional dollars between ‘pull’ (consumer promotions + media advertising) and ‘push’ varies drastically for many advertisers across countries. What are the factors behind these variations?
The price index in the first year is 125, in the second year is 150, and in the third year is 200. What is the inflation rate between the first and second year and between the second and third year?
Say you are the manager of a perfectly competitive firm selling a product. Your business is making a loss because total revenue is less than total costs.
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