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Think about our economy. Irrespective of economic conditions, we consume many goods and services in various quantities. There is a constant allocation and re-allocation of resources. How does this happen? What economic mechanism helps allocate resources to the preferences of hundreds of millions of people?
If the sellers are restricted to announcing a single price per unit for their goods, is pricing at cost (i.e. 0) for both firms an equilibrium? Explain.
Alice rents bikes on Orcus Island. In her current operation with 20 bikes Alice can generate $16,000 in after tax net revenue each year. Alice is considering expanding her operation to renting 40 bikes which will generate $35,000 in annual revenue an..
Recently, there has been a lot of press about high lead content in toys made in China. This negative press can affect the foreign exchange rate in the United States dollar and Chinese yuan.
suppose south korea can produce 100 computer chips with 10 hours of labor input and 50 bed linens with 6 hours of labor
The average of 5 numbers is 52. Suppose five more numbers are included in the set of numbers and these five numbers equal 0, 100, 48, 90, and 50. What is the new average?
ConsiderTable 632 in the 2008 U.S. Statistical Abstract.
your company is currently engaged in business activities both nationally and internationally. a country you are
select a country that has universal health care system provided by that country and provide some background information
You just borrowed $225,00 to purchase a new house. The nominal interest rate is 6% p.a, compounded monthly, and the monthly payment is $1612 for the loan. What is the duration of the loan?
you are working with a new employee who has experienced minimal exposure to computers or networks. as part of the
California's newly deregulated power market start operation. The large power utilities in state turned over control of their electric transmission amenities to the new Independent System Operator (ISO) to promise fair access to transmission through a..
Lambert-Rogers Co. is a manufacturer of petrochemical products. The firm's research efforts have resulted in the development of a new auto fuel injection cleaner that is considerably more effective than other products on the market.
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