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1) What are microeconomic and macroeconomic issues that are likely to affect senior day activities over the next five years?
2) What monopolistic traits does senior day centers have?
3) What are the major economic applications can be applied to activity centers for senuor citizens? (Please explain how this relates to Economics with examples).
According to Michael Porter, what are the five competitive forces that create vital opportunities and threats for organizations? Which force do you feel is most important in the computer industry today? Why
Consider the following model of international migration. The potential migrants originate in country 0, the source country. Worker 1 has 1 efficiency unit of skill, worker 2 has 2 efficiency units of skill, and worker 3 has 3 efficiency units of skil..
Consider a consumer with utility function u(x1,x2) = x1x2 and income m who faces given prices p1 and p2. What is the effect of the increase in price on the consumption of good 1? How much of this effect in consumption is due to the income effect and ..
If Mia views two cups of tea as a perfect substitute for one cup of coffee and vice versa, what is her marginal rate of substitution between tea and coffee?
What explains that ATC is U-shaped for two reasons. The first is the existence of diminishing marginal product.
Theodore Levitt has argued that the world is flat and that due to the advent of modern communications and transportation technologies, consumer tastes and preferences are becoming global. However, this position is considered extreme by many business ..
Find the predicted compensation with the productivity of 100. What is the residual for the observation of the base year, 1992?
Entrepreneurs see an opportunity where others see obstacles. A recession is a great example. Recession means unemployment, difficulty paying bills, fewer customers, home and business foreclosures, and cost cutting in different areas for individuals a..
The demand curve for a product is estimated to be given by the expression: q = 200 − π Calculate the price and the price elasticity of the demand for the following values of the demand: 0, 50, 100, 150 and 200. Repeat these calculations for the case ..
If, at the current price, there is a surplus of a good, then
The Federal Reserve System is responsible for establishing monetary policy. It has a significant degree of independence from the executive, legislative and judicial branches of government.
Write down the different costs associated with putting on an NFL game. Classify these costs as either fixed costs or variable costs. Assume that a single playing season constitutes the short run.
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