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Paper 1: Is there a difference between the free market systems versus a command economy. In your own words explain the characteristics that underline both theses' systems. Provide a country example for each system. ****papers should be more than two pages in length and all work needs to be cited. Students are required to use, scholarly journals, accredited new articles and accredited press releases. Under no circumstance will Wikipedia be an expectable citation.
Assume that a profit-maximizing firm is perfectly competitive in both the output and the factor markets and is at its long-run equilibrium. The firm's output is 100 units, its total revenue is $600.00, and the fixed cost of production is $50.00. B..
If the price of 1 pound of cereals is $10 and the price of a sword is $100, what is the wage rate paid to Hobbits in the Shire? How many Hobbits work in the cereal sector? In sword sector? Because of the War of the Ring, the price of a sword went ..
On Thursday nights, a local restaurant has a pasta special. Ari likes the restaurant’s pasta. His willingness to pay for each serving is shown below:
Elucidate implications would these policies have on the economy and specifically your personal and professional life.
GDP growth rate the business cycle, fiscal policy and level of unemployment, monetary policy and interest rates, international trade, and demographics.
this problem examines the effect of consumption taxes on labor supply. consider a consumer with utility functionuc l c
suppose that the federal reserve strictly follows a rule of keeping the interest rate at 3 per year. initially this
Given the following information, compute the real interest rate for years 2, 3, and 4. Suppose that each CPI number tells us the piece level at the end of each year.
Find out what quantity of the book Warm fuzzy should print, and what price it should charge in order to maximize profit.
If a local movie theater sells tickets at different prices (senior citizens versus young people, matinee versus evening prices) is the local movie theater a monopoly? What about the concession stand inside the theater?
Find a market price for hydrogen gas and normalize the energy content compared to the current local price of gasoline. Using octane as an approximation for gasoline energy content, compare the cost per kilojoule of energy of hydrogen to gasoline
Which nation has the absolute advantage in the production of tanks. Why is it this country? Which country has the comparative advantage in the production of computers.
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