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Should companies have a big role in improving the world? Do you think the pharmaceutical businesses have a social responsibility to make drugs that will combat diseases that are a result of poor living conditions, even though profits will be limited? Please respond to this Discussion Topic by
q1. suppose demand and supply are given by qd 7-12px and qs14p-12determine the equilibrium price and quantitysuppose a
Efficiency of labor (h), a measure of human capital, increases with education. With greater efficiency, earning opportunity increases. Suppose a person with high school degree starts a job at MacDonald for $16,640 annual salary. If she has to earn an..
Joe and Jim purchase vegetables at a grocery store, but Jim also grows vegetables in his back yard. Only Joe’s grocery store purchases are included in GDP. Only Joe’s and Jim’s grocery store purchases are included in GDP.
With the help of appropriate figure, explain the conditions for Pareto efficiency. Show how the Utility Possibility frontier (UPF) can be derived from the Pareto efficient allocations.
How did the Social Security system influence the size of budget deficit during 1985-2010? How will it influence the deficit during the next two decades? Why or why not?
Describe the demand and marginal revenue curves faced by a firm in a purely competitive market. Are they different from those faced by a firm in oligopolistic competition? If so, why?
A manufacturing company purchased electrical services for the next 5 years to be paid for with $70,000 now. The service after 5 years will be $15,000 per year beginning with the sixt year. After 2 years service, the company, having surplus profits, r..
Money demand shocks will not affect the output level so long as the Fed pegs interest rates. True or false? Use an IS-LM diagram to explain your answer.
Explain Management Information System and how it can help to grow your business and assess the impact of low-quality information on an organization and the benefits of high-quality information on an organization
Consider an economy that has the "typical" sacrifice ratio we discussed in the Power Points. If inflation is currently 6% and the economy would like it to be 2% within the year, that economy must experience a ____________% change in GDP (output).
What role do property rights play in creating common property resources? Why are common property resources subject to market failure due to non-excludability?
Consider a free market with demand equal to Q= 1000 – P and supply equal to Q = 20P. What is the equilibrium price and quantity?
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