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What are the different sources of advice for entrepreneurs? What type of information would an entrpreneur be likely to get from each souce? What are the drawbacks for source?
Consider the following distribution of income in a 12-person economy, with the modern urban wage = 3, the traditional rural income = 1 and the informal urban wage = 2: (1, 2, 3, 1, 2, 3, 1, 2, 3, 1, 2, 1). The poverty line is at 1.5. Derive the table..
This declaration would perhaps receive general agreement, but it is not always clear exactly Illustrate what concludes when something is in the public interest.
If "free trade" (or correctly called "global investor rights agreements")advantages richer nation corporations to the disadvantage of poorer nation firms, is this a new form of "protectionism"? Explain why or why not.
The supply and demand curves for mousetraps cross at a price of $10 apiece. There is and always has been a price ceiling of $6 per mousetrap. Now the government imposes an excise tax of $2 per mousetrap (while maintaining the $6 price ceiling). Illus..
For each of the following changes in the macro-economy, show how to think about them using the IS curve, and explain how GDP is affected in the short-run. The government offers a temporary tax credit: for each dollar of investment that firms undertak..
Does consumer surplus increase due to this price ceiling. Does social welfare increase as a result of the price ceiling.
derive and graph the equation characterizing the firms average revence curve. Calculate the level of output to that maximizes total profit. Also calculate the resulting profit.
For this case read the article below concerning connecting the factory floor to the intranet/internet. This seems to be an effective way to manage an organization's inventory.
During a one year period, the inflation rate was 5%. During the same year, you invested in Treasury bills and earned 7% return. You are in a 25% tax bracket.
Give an example of the type of retailer that might use this method. Explain how using this method would affect a retailer’s stock control.
Suppose that the K/L ratio is higher in Germany than in Britain. What would you expect to happen to wages in Germany as trade took place between the two countries? Why?
For a typical firm producing 100 units of output, short-run marginal cost is constant at $65, average total cost is $95, and average fixed cost is $30.
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