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Provide an example of a resource, describe who owns and utilizes it, and where the resource can be traded.
Suggest how the price of that resource might be set in the marketplace
Refer to the Circular Flow Diagram and other supplemental resources for information on resources and how they flow through the economy.
Examples of websites for circular of flow.https://econperspectives.blogspot.com/2008/04/circular-flow-diagram.htmlhttps://study.com/academy/lesson/circular-flow-of-economic-activity-the-flow-of-goods-services-resources.html
q.consider the following islm model for a closed economyc4000.4yd i2000.3y-2000i g360t400 mp4y-100000ims2600 10
When the central banks of various countries intervene in the foreign exchange market to maintain an exchange rate, this type of exchange rate system is called a ________ exchange rate system. Borrowing from abroad represents:
Explain the concept of more is better satisfied for both goods. Elucidate as C increases the MUC increase, decrease or remain constant.
Assume that the consumer has $10 to spend on A and B; that is, x + y = 10. What is best way to allocate the expenditure of the $10? What is the marginal utility per dollar in the optimal allocation?
Assuming that price of labor (L) and capital (K) are 12 and 3, respectively. One manufacturing company is facing production function given as Q=LK. derive your total cost function. Based on your total cost function, derive the average total cost.
You need to hire some new employees to staff your start-up venture. You know that potential employees are distributed throughout the population as follows, but you can't distinguish among them: What is the expected value of five employees you hire?
Consider a palletizer and a bottling plant that has a first cost of $150,000. It has operating and maintenance costs of $17,500 per year, and an estimated net salvage value of $25,000 at the end of 30 years. Assume an interest rate of 8% per year. Wh..
Success of Employment Applications in Ohio during the Gentleman's Recession and chart displays the ratio of job placements to seekers, for the total of men and women in all five cities, juxtaposed against the business cycle indicators.
Evaluate opportunity costs in the business decision-making process. Analyze whether each of the following is primarily a microeconomic or a macroeconomic issue Setting the price for a cup of coffee.
A forest owner in a developing country claims that he earns more m1y with carbon sequestration than with timber production.
Mars Inc. is considering the purchase of a new machine that will reduce manufacturing costs by $5,000 annually. What is the tax on salvage value?
q.suppose that a person regards ham and cheese as pure complements- he or she will always use a slice of ham in
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