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When the output is a service rather than a good, it sometimes is difficult to quantify this service. Furthermore, the quality of a service is often as important (if not more important) than the quantity. And in many cases, labor time spent with a customer is directly related to this quality of service. If this is the case, then the quantity and quality of a person’s efforts may be in conflict with each other.
A university spent $1.8 million to install solar panels atop a parking garage. These panels will have a capacity of 500kw, have a life expectancy of 20 years and suppose the discount rate is 10%. If efficient systems operate for 2400 hours per year, ..
Why monetary policy conducted independently in the United States and is the intended effect always achieved or why not.
According to the World Development Report, in which areas there is absence of progress in closing gender gaps within and across developing countries?
What is the monopolist's profit under the following conditions? The profit-maximizing price charged for goods produced is $12. The intersection of the marginal revenue and marginal cost curves occurs where output is 10 units, marginal cost is $8, and..
Which of the following cannot explain the change in female labor force participation rates over the past 75 years? Unemployment compensation programs provide a lower income than workers received while they were employed because full replacement of lo..
Can you share the economic development strategies also quote some examples of Elucidate how Singapore also US use them.
Mallory consumes a bundle of candy and cookies, spending all of her income. The price of candy is $1 and the price of a cookie is $0.50. At her current bundle, the marginal utility of the next bar of candy she could purchase is 12 utils and the margi..
Draw their budget set (the combination of housing and other goods that they can afford) in housing-other goods space.
A 'structural' budget deficit is one that:
Discuss one businesses case for why the textile industry is interested in sustainable practices and why you find it interesting. Can you think of another example where sustainable practices makes good business sense?
If the economy was working at full-employment equilibrium, illustrate the state of equilibrium after the fall in consumer confidence.
Assume that at price index of 154, the quantity demanded of Real GDP is 9,000 billion worth of goods and services. Elucidate do these data represent aggregate demand or a point on aggregate demand curve.
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