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What type of leader are you aspiring to be? Please note one person that you would like to model your leadership behavior after. Be sure to note who the person is and why would you want to model their behavior. Finally, note what steps you could take to exhibit the leadership qualities of this individual.
Suppose the utility granted by spending holidays domestically D and holidays in foreign countries F is represented by the utility function u(D,F)=10D*F. You have a budget of 4000 US-Dollars and a domestic holiday costs you 100 US-Dollars per day and ..
Explain the two approaches that can be used to compute GDP. Why do these two approaches lead to the same value for GDP? Explain why real GDP is a more reliable estimate of economic growth than nominal GDP.
Assume a firm employs 10 workers and pays each $15 per hour. Also assume that the marginal product of an 11th worker would be 5 additional units of output per hour and that the price the firm receives for its good is $4 per unit. In the short run, a...
How do you use indifference curve analysis to explain the price ; income and substitution effects and to demonstrate the delegation of the demand curve for different types of goods
Explain how would we measure the cost of the project to determine whether it is worth undertaking.
Although there can be many definitions of socialism, which of the following is the least likely to be part of a definition?
If the United States is a net importer of a product that is being subsidized or dumped by Japan, not only do US consumers gain, but they also gain more than US producer lose from the subsidies or dumping. Explain why.
q1. consider the economy as summarized by the above equations. assume which the mix of fiscal and monetary policies is
Pocoyo bakes cookies also Pato grows vegetables. In which of the subsequent cases is it impossible for both Pocoyo also Pato to benefit from trade.
A firm in a truely competitive mkt discovers that the price of its product is above its minimum AVC point but everywhere below its ATC. Then the firm: A) minimizes losses by producing at the minimum point of its AVC curve B) maximizes profits by prod..
Compute the upper and lower limits within which marginal cost may vary without affecting the profit maximizing output or the price.
the long-run industry supply curve a normal good is being produced in a constant-cost perfectly competitive industry.
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