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1- Can trade and exchange occur within the firm without the exsitence of private property rights? If individual property rights are necessary for econmic success, how might the firm allow property rights?
2- Consider illegal immigration. How would illegal immigration be affected if all countries had property ownership rights as well defined as in the U.S.?
3- Consider the following statement by Charles Wheelan, author of the Naked Economist: "The problem with Asian sweatshops is that there are not enough of them".How is Wheelan's statement illustrative of fundamental economic concepts?
4- Describe the types of information that market prices provide.
What is this firm’s marginal cost function? Over what range of output are the firm’s marginal costs decreasing? Increasing?
Elucidate how a 20% decline in the cost of business travel would impact this company's budget if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour.
How much money will accumulate in five years if monthly deposits of $1,000 are made every month (except for month 15, where no deposit is made) if interest =3% per month? Show all your work
Calculating inflation using a simple price index-Which of the following, if true, would illustrate why price indexes such as the CSPI might overstate inflation in the cost of going to college? Check all that apply.
The vehicle of choice most often for a U.S. investor who wishes to exercise a measure of control over its foreign investment is a(n): a. interlocking directorate. b. investment trust. c. joint venture. d. all of the above.
How is the own-wage elasticity of labor demand for unskilled workers affected by the elasticity of supply of other factors of production (such as skilled labor and capital equipment)? Explain.
Use the concepts of economies and dis-economies of scale to explain the shape of a firm's long-run ATC curve. What is the concept of minimum efficient scale? What bearing can the shape of the long-run ATC curve have on the structure of an industry?
buy the five-foot strip of land from their neighbor only if the price is less than illustrate what Moe and Larry have already spent on the foundation.
Suppose the President gets Congress to pass legislation that encourages investment in research and the development of new technologies. Assuming this policy leads to a positive productivity change for the U.S. economy, use aggregate demand and supply..
Suppose she is offered a new job that would pay her $15,000 and would bring her earnings high enough so that she no longer qualified for any welfare benefits.
Precision Instruments, Inc. manufactures high sensitivity mini accelerometers designed for modal analysis testing. The company borrowed $10,000,000 with the understanding that it would make a $2,000,000 payment at the end of year 1 and then make equa..
Describe how many days before the due date the cesarean section should be carried out so that there is no more than a 10 percent chance that the woman will go into labor before that date.
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