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What are the three legal forms of business organization? Which form of organization is dominant in the terms of total profits and why?
Define and explain the following: frictional unemployment, structural unemployment and cyclical unemployment?
Identify and describe (5) key characteristics of a monopolistic competition market. Define a cartel. Give 3 examples of a cartel in the business world.
Risk-averse persons sometimes prefer to play some gambles even if they know that those gambles are not fair, i.e., on average people lose by playing them. Which of the following is true for perfect competition but not true for monopolistic competiti..
What is the difference between R Square and Adjusted R Square in multiple regression and why do we need to calculate both of these statistics.
Answer the following questions either by developing demand and cost schedules. (hint: Use quantities from 1 to 14) or by solving the equations.
Why do you think organized labor groups, such as unions, are supporters of a higher minimum wage
The Chinese have at times held the yuan (the Chinese currency also called a renminbi, {pronounced "RNB" which is slang like a buck or clams for US currency}) exchange rate with the dollar constant. This fixed exchange rate has caused the United State..
What are 5 personality traits that an entrepreneur needs to be successful? Personality traits are enduring, fairly consistent tendencies to feel.
A clinic has incremental costs per case of $10 and overhead costs of $100,000. It faces a price elasticity of demand of -2. What is the clinic’s profit-maximizing price? (Round to the nearest whole dollar)
Tamara earns $8 an hour and works 60 hours/week. Draw her labor-leisure budget constraint. What determines its slope? How does the position and slope of her budget constraint change if her wage increases to $16 per hour?
q. the credit card market has grown increasingly competitive. to maintain customer satisfaction banks that issue credit
Suppose that, as an owner of a federally insured S&L in the 1980s, the price of real estate falls, and most of your loans go into default. In fact, so many loans go into default that the net worth of the S&L is negative ($5 million). Which investment..
Aristotle argues that whatever is the good in itself, it must be something sought which meets three criteria, namely that it must be. Among the rights discussed in class (& the handout), private property rights where justified on the grounds that the..
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