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1. Why do you suppose that employment growth is about 20 percent greater in unlicensed occupations than in licensed occupations?
2. What do you suppose a typical state government does with the millions of dollars of occupational license fees it receives each year?
3. Why do you suppose that some publishers are selling space for advertisements in their e-books-and sometimes even in physical books?
4. From an economic standpoint, how could we explain the willingness of someone o pay $19.99 for a physical book that is available as an e-book for $9.99?
A Post Office is set up in the Constitution but no Central Bank was. Why didn't the founders of the US who wrote the Constitution include a bank? How did this omission hamper US economic growth and, more importantly, US economic stability?
Analyze key elements of training and development geared toward improving the performance of the specific small business for which you are consulting.
According to the rule of most favorable input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the corporation.
Suppose that a consumer’s demand for a product is given by P = 80 – 2Q. A monopolist produces the product at constant marginal cost, where MC = $6. The firm has no fixed costs. Suppose the monopolist sets a two-part tariff for the good where the cons..
Evalute the shape of the indifference curves of the following utility functions and find MRS for each function.
Illustrate what role did the policies of various governments play in influencing the international expansion strategies of both.
An investor bought a one-acre lot on the outskirts of a city for $9000 cash. Each year she paid $80 of property taxes. At the end of 4 years, she sold the lot for a net value of $15,000. What rate of return did she receive on her investment?
Illustrate what are the opportunity costs for the manager of being in this business relative to returning to his old job. What is the economic profit of the business.
A sum of $16,000per year will be received uniformly over a five-year period beginning two years from today. What is the present value of this deferred- funds flow if interested is compounded continuously at a normal rate of 9%.
how many pineapples will she consume? If her income increases to $120, how many grapefruits will she consume? Are grapefruits a normal or inferior good?
The factory operation creates smoke that affects nearby homeowners, causing respiratory ailments and similar problems.
Hypothetical cost and revenue curves for a computer producer. Illustrate at what price will the monopolist sell each computer.
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