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Economics Discussion
• John works 40 hours a week managing his own business, without drawing a salary. He could be earning $600 a week doing the same job for his former employer. He has invested $100,000 of his own money in his business and owes the bank $100,000. The interest on his bank debt is $200 a week. If John's accounting profit is $1,000 per week, what is his weekly economic profit?
How does the use of diversion and/or probation impact the recidivism rate, if at all? Is either tactic, or both, more ?effective with certain types of offenders?
The Fed took a somewhat more hawkish view of inflation than it did in the March statement. Today's statement made specific reference to inflationary pressures, saying that energy and other commodity prices have increased, an acknowledgement absent..
why can the distinction between fixed costs and variable costs be made in the short run? classify the following as
An article in the Wall Street Journal noted that online retailer Amazon was spending $2 billion per year to build additional distribution warehouses and data centers. The article observed that "such investments create a significant barrier to new ..
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part of a business strategy you are considering involves the reduction of labor and material costs. your cfo suggested
What are the key points in short run production functions that delineate the three stages of production?Explain the relationship between the law of diminishing return and three stages of production.
Compute the least-squares line for predicting mileage from weight. If two trucks differ in weight by 5 tons, by how much would you predict their mileages to differ?
Graphically demonstrate the inefficiency that occurs when sports teams produce external benefits. How will a subsidy remedy this problem?
Now suppose current and future consumption are perfect complements you can only enjoy current consumption if you consume it with two units of future consumption (U = min{2C1, C2}). What is your optimal consumption bundle?
Determine the profit maximizing price and quantity and socially efficient price and quantity and If the company is offered the contract, should it build the bridge? Why or why not?
The consequences of decriminalizing illegal drugs have long been debated. Some claim that legalization will lower the price of these drugs and reduce related crime. Others claim that more people will use these drugs.
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