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Suppose you are thinking of starting a new business.You will need to give up your current job that pays you $20,000. You will pay your labor $10,000, and your capital $12,000.These are your only costs.You can produce 30 units that you can sell at $1000 a piece. How much is your opportunity cost?
Show an understanding of John Locke's economic theory and then provide an analysis of its ethical aspects. Make the focus be on the Ethics of the theory, and explain the reaso
Imagine three little girls sitting in a circle, each wearing either a red hat or a white hat (no girl can see the color of her own hat). Suppose that all the hats are red. Whe
UPS offers overnight package deliver to canadian business customers .UPS has recently decided to expand its facilities to better satisfy current and projected demand. current
What are some of the ethical dilemmas faced by marketers in emerging markets? What is economic colonialism? Explain a responsible marketing practice which should be followed i
Suppose that the Bank of Canada unexpectedly decreases the money supply. What will happen to unemployment in the short run? What will happen to unemployment in the long run?
What fraction of the total variation in the quantity demanded of good Y remains unexplained? What can the student do to increase the explanatory power of his demand equation?
In 2013 the south Korea GDP was about 1620 billion. Since we are working in 2013 dollars, this number is both the real and the nominal GDP for 2013. From 2013 to 2014 the real
You and your two best friends all make $65,000 per year. Friend A lives in a city where prices on average are 5% lower. Friend B lives in a city where prices on average are 8%
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