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a.)define the concept of economic models?
b.)define scarcity and choices and their relationship in the study of economics?
c.) why do economists disagree?
d.) Name and define economic resources or factors of production?
e.) why is money not capital
f.) explain why scarcity forces individuals to incur opportunity cost. Examples?
g.)Does minimum wage help the working poor?
h.) what are the opportunity cost of going to college?
i.) what is the concept of the production possibilities curve
Consider the preferred prices of the authors and publishers of the electronic book, whose marginal cost of production is close to zero? Would the two disagree regarding the price to be charged for book?
Draw a real expenditures curve on a graph showing a recessionary gap. Explain what happens to real GDP when it is initially to the right of the equilibrium point and why Indicate two public policies that would be appropriate for addressing this si..
How will the programs affect the debt? How will they affect private investment? Is crowding out a concern in the short versus long run as a result of the proposed policies?
A major breakthrough that allows for on-site generation of electricity for an investment in the generating capacity but after that essentially a zero variable cost of electricity.
John Davis, a recent IE graduate from Tennessee Technological University, bought an SUV for $30,000 with a down payment of $10,000. John had a little business on the side and did not have a girlfriend when he was at school and hence he was able to..
A formal statement that defines how an organization expects and requires employees to resolve ethical questions is a When a publicly traded firm is suspected of unethical or illegal behavior, the will conduct an investigation
How much substitutability do you suppose exists between inputs in winemaking? How might this factor affect efforts to cut costs?
What is the equation of his budget line and sketch the budget line and two possible indifference curves that Herbert
A government employer can demand urine samples from its employees, for testing purposes a. unless the demands are calculated to allow a determination of job fitness. b. only pursuant to a validly issued search warrant. c. at any time, for any r..
A university spent $1.8 million to install solar panels atop a parking garage. These panels will have a capacity of 500 kw, have a life expectancy of 20 years and suppose the discount rate is 10%. If electricity can be purchased for costs of $0..
Examining the current market situations of "Starbucks" competition can take many forms. value competition includes collusion, price leadership, loss leaders, price discrimination.
Explain how you would modify the data in order to make it relevant to decisions a manager must make. Explain the major factors that affect the degree of competitiveness in your industry.
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