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We will discuss your individual perspectives on the BGS relationships in the US economy today. My intention here is to get a sense of the way you have viewed these relationships from what you know about the respective roles of each - Business - Government - Society - in the US economy. Please state whether you believe that there is too much, too little or just enough regulation of business in the US economy? Or, are consumers sufficiently protected or not? Should they be? There are of course no obviously correct answers, but opinions or perceptions stemming from your knowledge base and you reading of current affairs. Place Discussion Question Here.
Suppose that a biotech firm in Pittsburgh raised $113 million in an IPO. The firm received $23 per share, and the stock sold to the public for $25 per share. The firm’s legal fees, SEC registration fees, and other out-of-pocket costs were $657,500. T..
Converse alternatives to GDP as a measure of economic benefits in a current economy.
12. mrs. smith is operating a firm in a competitive market. the market price is 6.50. at her profit-maximizing level of
Think of an externality in your community. Explain what type of externality it is. How can it be resolved (through the market and/or through government policies)?"
The economic and financial crisis from 2008 to 2009, also known as the global financial crisis, was considered to be the worst financial crisis since the Great Depression. What are reliable predictors of economic and financial crisis? Describe some a..
Imagine you have some workers and some handheld computers that you can use to take inventory at a warehouse. There are diminishing returns to taking inventory. If one worker uses one computer, he can inventory 100 items per hour. If you assign one w..
You are the manager of a firm that receives revenues of $60,000 per year from product X and $90,000 per year from product Y. The own price elasticity of demand for product X is -1, and the cross-price elasticity of demand between product Y and X is 1..
Assume that there are two types of consumers. In particular, consumers of type 1 has utility function u(x, y) = x0.5 y0.5, whereas consumer of type 2 has u(x, y) = x0.3 y0.7. Find the Marshallian demands of x for both types of consumers. Compute the ..
According to the alternative approach (heterodox) towards economic production the only real scarce factor is time. Money, being a credit/debit relationship, cannot, by definition, be scarce. Nor are capital or resources scarce but reproducible.1 This..
Consider the production function q=4L^.3K^.8. K is not fixed in the long run. Graph the isoquant for Q=4. Identify and label 3 points on the graph. Calculate MRTS and determine slope of the isoquant of the three points you identified. label the slope..
Illustrate how much consumer surplus does he receive. What is the highest price you can charge for the "all you can eat" special and still attract customers.
Assume that all the factors affecting demand in this model remain the same, but that the price has changed. Further assume that the price changes are 100, 200, 300, 400, 500, 600 dollars. a) Plot the demand curve for the firm.
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