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1. What are some advantages to using a nontraditional online businesses?
2. What information should you look for when reading an ad or hearing a commercial?
3. How can spending plan help you make smart shopping decisions?
4. Describe the major differences between buying products and buying services?
Mandy Marguerita lives two periods. Her initial accumulated wealth (W) in period 1 (inherited from Mom) is $ 20, and her income in period 1 is $ 90. Her income in period 2 is $ 110. Mandy does not leave bequests to her children (couple of deadbeats) ..
Why do most countries have some protectionist trade barriers? Identify two types of protectionist trade barriers. Which is usually better for most countries, protectionist trade policies or free trade? Explain.
Which of the following would increase the natural rate of unemployment?
Medium household income in County C is $54,021. Medium household income in Country D is $28,739. In County C, 17.4 percent of residents smoke. In County D, 28.4 percent of residents smoke. What is the arc income elasticity of demand for tobacco use?
The cost measure sellers use to determine whether or not to produce the optimal (i.e. profit maximizing) level of output is:
Suppose the demand for loanable funds was stable but the supply fluctuated from year to year. Elucidate what might cause these fluctuations in supply.
You are the economist of a firm with market power. The inverse demand for your product is given by P= 200 -10Q and your marginal cost is 5 + Q. What is the profit-maximizing level of output? What is the profit-maximizing price?
What factors give rise to increasing returns to scale and decreasing returns to scale? Define and then derive the expression for the marginal rate of technical substitution.
Joseph, who owns the only pizza parlor in Middletown, learns that Giovanni is about to open a competing pizza parlor in the same small town, just a few blocks from Joseph's restaurant. Joseph offers Giovanni $10,000 in return for Giovanni's promise n..
There is a dollar on the table, which each player can try to grab. If only one player grabs, G, and the other does not, D, the player who grabs gets the dollar and his payoff is 1, while the other player's payoff is 0. Which strategy profiles are ra..
Equilibrium in our graph of AD and SRAS occurs where AD = SRAS. Unless otherwise specified, we assume that the economy rapidly moves to equilibrium. What ensures that the economy is in equilibrium?
A clinic focuses on three services: counseling for teens and young adults, smoking cessation, and counseling for young parents. An analyst has developed a forecast of the number of visits each group will make at different prices. Calculate the total ..
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