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Some large hardware stores such as Home Depot boast of carrying as many as 20,000 different products in each store. What motivated the producers of those products-everything from screwdrivers to ladders to water heaters-to make them and offer them for sale? How did producers decide on the best combinations of resources to use? Who made these resources available, and why? Who decides whether these particular hardware products should continue to get produced and offered for sale?
If a potato farmer expands output, he finds that the increase in total revenue is less than the increase in total costs. This means that:A) Profit is being maximizedB) He should not have expanded output
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Ken will receive a $5,000 annual payment from a family trust. This will continue until Ken in 30; he is now 20. Inflation averages 4% and Ken’s real MARR is 8%. If the first payment is a year from now and a total of 10 payments are to be made, what i..
determine the ethical implications of businesses polluting in a third world country. explain your rationale. 2. suggest
a recent study of the determinants of wages for clerical staff at a state university found that years of schooling
Consider an economy well known to you and assess which factors of its TFP are relatively strong compared to other countries and which ones are relatively poor. What steps could be taken to improve TFP?
Calculate an appropriate measure of association, and decide how to present the results. How might this information affect the advertising agency - Is the GPA of this year's students significantly different from the long-run average? At what alpha ..
The text offers two reasons why private investment might be better for poor countries than assistance tendered by foreign governments or international agencies. One is that technical assistance often comes along with private investment as part of the..
suppose the Fed expands the money supply, but because the public expects this Fed action, it simultaneously raises its expectation of the price level. What will happen to output and the price level in the short run? Compare this result to the outc..
can the government always reduce the budget deficit by simply increasing taxes? why or why not? please explain your
Which innovations in particular marked the transformation into a global player? What are the most critical barriers for continuous high growth in the future for Vestas?
explain how a market economy compensates for a market surplus. what about a market shortage? why is price driven toward
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