#### All Pages

##### Reference no: EM13732849

Discuss the observation made recently by an undergraduate philosophy major that "the major international institutions are concerned with keeping the rich countries rich, at the expense of the poorer ones."

#### Current equilibrium price for personal computers

Assuming the most typical shapes of the demand and supply curves, which of the following could lead to an increase in the current equilibrium price for personal computers?

#### Current equilibrium price for personal computers

Assuming the most typical shapes of the demand and supply curves, which of the following could lead to an increase in the current equilibrium price for personal computers?

#### Absolute advantage in washing the car

Molly needs 30 minutes to wash the car and 45 minutes to mow the lawn. Renee needs 1 hour to wash the car and 2 hours to mow the lawn. Which of the following statements is cor

#### Opportunity cost of attending the concert equals

Carl is considering attending a concert with a ticket price of \$35. He estimates that the cost of driving to the concert and parking there will total an additional \$20. In ord

#### Calculate your price elasticity of demand of widgets

Suppose the price of widgets falls from \$7 to \$5 and consumption of widgets rises from 15 widgets a month to 25 widgets. Calculate your price elasticity of demand of widgets.

#### What is the net present value of purchasing the tractor

Farm must decide whether or not to purchase a new tractor. The tractor will reduce costs by \$2,000 in the first year, \$2,500 in the second and \$3,000 in the third and final ye

#### Respect to the medical care sector

Every economy, as well as the medical care sector, must decide the following: what should be produced, how it should be produced, how it should be distributed, and how to allo

#### What is the advertising cost per potential customer

Suppose the cost of producing a 30 second commercial for television is \$100,000. If airtime on the evening news costs \$200,000 and is viewed by 5 million people, what is the a