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Economists say that wages of most countries relative to the US are, for the most part, similar to their productivity relative to the US. Do you think US apparel manufacturers would agree with this?
Imagine you are seeking information on a new car that you are thinking of buying. Determine the level of trust that you would place in information provided by the following: a salesman at the car lot, the dealer’s Website, social media (i.e. Facebook..
You are the manager of a business in a competitive market and your production technology is described by the total cost function. Determine the optimal quantity to produce and compute the profit of your business. Determine the optimal quantity to pro..
In your opinion, does the Houston Medical Center, in which many hospitals gather, represent an example of perfect competition.
suppose that a new law requires every firm to provide its workers with free parking spaces. these spaces are worth 200
Economists assume that firms seek to
Discuss an event in your home city or state that brings new economic activity. It might be a major construction project, or major sporting event that occurs infrequently and brings a large number of people to your local area. Describe who benefits fr..
argue the relationship among the marginal cost also the average variable cost also among marginal cost also average cost.
Democratic Republic of the Congo grows at a healthy 3% per capita, how long will it take Democratic Republic of the Congo to catch up with Luxembourg.
Why do economists argue that an emissions tax is a more efficient way to reduce pollution than an environmental standard?
Some city governments require that all city employees live within the city limits. What impact does this have on labor supply and the elasticity of demand for employees of a city with such a requirement?
The short run price elasticity of demand for tires is 0.9. If an increase in the price of petroleum used in producing tires causes the marketplace.
the pilots will receive options to buy 14 million shares of the firm's stock over the next 10 years. What impact do you think this new contract will have on Southwest Airlines?
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