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Labour is the exercise of human, physical and mental effort directed to the production of goods and services. Describe how the age structure is a detriment to labor supply and effectivity.
Earlier this year the Federal Government USA approved the merger between Sirius and XM satellite radio companies. What, if any, shortcomings arise from a monopoly pricing stra
What are the two primary factors that influence a firm manager's choice between a labor intensive and a capital intensive method of production? Explain how a manager should ma
For a developing country to grow it needs capital. The major source of capital in most countries is domestic saving but the goal of stimulating domestic saving is usually in
Should firms in perfectly competitive markets advertise? Why or why not? Respond to allegation that if all firms in an industry are charging the same price, this indicates ab
Has the U.S. economy achieved approximate full employment yet? Explain how we define ‘full employment' and how you can tell whether or not that goal has been achieved.
Suppose that, in a perfectly competitive market at the profit maximizing quantity, the market price is greater than average total cost. Carefully explain what will happen to
ECON 339 Economics Final Exam. Why did the Industrial Revolution occur when and where it did and not elsewhere? What is your conclusion about the appropriate policy advice t
Discuss and explain whether demand, equilibrium price, and quantity increases or decreases for gas and red meat, respectively, in the following two scenarios.
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