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What are the factors of production? Please list them and share your thoughts and insight on what they entail and how they relate to the opportunity costs of your decisions?
Provides a background commentary on the cost structure and the level of competition experienced by your firm/industry. You must include demand and supply factors, fixed and variable factors/costs, price elasticity and the aims of the firm/industry..
What is the nominal exchange rate in 2013? What is the expected nominal exchange rate for next year? Which currency will appreciate? What is the real exchange rate in 2013? What is the economic meaning of the real exchange rate?
When appropriate, the optimal solution to a maximization linear programming problem can be found by graphing the feasible region and: finding the profit at every corner point of the feasible region to see which one gives the highest value.
a)Explain how the marginal principle and the pollution tax work together to determine the optimal amount of pollution abatement. b)Economists say that labor demand is a derived demand. Explain the concept of derived demand.
in order to estimate the difference between the average daily sales of two branches of a department store the following
Discuss the hicksian and slutskian approach to consumer behavior where there is change in price of one good given two goods
Presume a bank is faced with two kinds of borrowers- a high risk borrower that must be charged an interest rate of 9% and a low risk borrower that must be charged an interest of 4%. There is a 30% chance of getting a high risk borrower and a 70% chan..
Can forest harvesting still be ine?cient even where tenure is given on a individual basis and is secure. Why or why not.
A major employer has just added health insurance coverage for its employees. Consequently, 5,000 of your patients will pay a $30 copayment rather than the list price of $100 per visit. These patients average 2.2 visits per year.
Instead of the tax per bottle, suppose that the government imposes a tax on Placebo of $10,000 regardless of how many bottles are produced. How does this tax affect Placebo’s price, quantity, and profits? Explain.
youve recently learned that the company where you work is being sold for 315000. the companys income statement
question 1suppose you have a rare simpsons animation cel that youre looking to sell. you decide to hold an english
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