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Thomas Jefferson believed in what historians have described as the ideology of the “Republican Man.” Describe this ideology and discuss how it is reflected in his design for his home, Monticello.
Which of the following would definitely cause price to decrease (if they occurred simultaneously)?
An unseasonably warm March is followed by a unseasonably cold April. This leads to a 30% reduction in the yield of apples. As a result, the price of peaches increases. Illustrate this situation with supply and demand curves (draw diagrams for both ma..
Illustrate what are the monopolist's profit-maximizing price and total output.
What ideas from Marx remain relevant to contemporary society and what ideas must be discarded in the wake of the collapse of the Soviet Union and the Marxist societies of Eastern Europe? What might Weber have said about the last century of global his..
Blue Jet Airlines has an evening flight from Kansas City to Chicago with an average of 80 passengers and a return flight the next afternoon with an average of 50 passengers. The fixed costs for the plane are $3,000 per day whether it flies or not. (a..
Elucidate what happens to the price of oranges and the marginal product of orange pickers as a result of the freeze. Can you say what happens to the demand for orange pickers.
Corruption, the Merriam Webster dictionary (n.d.) defines corruption as the "impairment of integrity, virtue, or moral principle, or inducement to wrong by improper or unlawful means (as bribery). Many argue that corruption is a major problem in busi..
Determine the current amount of money that must be invested at 12% nominal interest, compounded monthly, to provide an annuity of $10,000 (per year) for 6 years, starting 12 years from now. The interest rate remains constant over this entire period o..
Social efficiency. Show your work in all parts of this question. Suppose that a market is described by the following supply and demand equations: QS = 2P (where QS is quantity supplied, and P is price) QD = 300 – P (where QD is quantity demanded and ..
utilizes the Keynesian cross to predict the impact on equilibrium GDP of equal-sized rise in both the government purchases also taxes
Describe how a developing/emerging economy can benefit from trade with a wealthy country even if it has no absolute advantages. How can they benefit from trade with a poor country?
Consider an economy described by the production function: Y = F (K, L ) = K^(2/3)L^(1/3). Find the per worker production function. Find the steady-state capital stock per worker as a function of the savings, population growth, rate of technological c..
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