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TLMT 342 Week #2 (Infrastructure)
Your choice of either topic:
A. The future of airport development. With terrorist-driven declines in air traffic will there be a need for new airports? Are existing airports adequate for current passenger and freight needs?
B. Do an evaluation of the infrastructure of a country of your choice, using the CIA's website as well as others, in order to determine the state of the infrastructure of that country.
Instructions: At least 250 words.
Suppose the firm dropped the price to $2.50. Would this be beneficial? Explain. Illustrate your answer with the use of a demand schedule
Mary is in equilibrium. The MUa =6, MUb =12, Pa=2, what is the price of b? Zach is in equilibrium. The MUa=2, MUb=8, what is the price of a in terms of the price of b? What is the utility maximizing or optimization condition?
What is the relative income hypothesis? Evaluate this statement: “Once income exceeds the subsistence level, individual perceptions of the adequacy of their economic performance depend almost solely on relative as opposed to absolute position.”
Consider a simple economy, with just three occupations: subsistence producer, industrial worker, and entrepreneur. Subsistence producers can produce some fixed amount valued $2,000 with their labor. An industrial worker can earn a wage w. An entrepre..
Assume that Bob is only purchasing two products G and W. The market price of G is $25 and of W is $20. By spending all of his budgeted amount on these two items, he is maximizing utility and receiving 100 utilities from the last unit of G and 80 util..
1a prove that profit maximization implies cost minimization but not vice versa.b consider the problem of maximizing
The following statements describe either a stationary or non stationary series. Indicate which statement is stationary and which one is non stationary series.
A.Based on the National Accounts, what policies would you implement to eliminate a NX
John Adams wrote in 1814, "Democracy never lasts long. It soon wastes, exhausts and murders itself. There never was a democracy yet that did not commit suicide."
Lady Wellesleigh makes silk purses out of sows’ ears. She is the only person in the world who knows how to do so. It takes one sow’s ear and 1 hour of her labor to make a silk purse. She can buy as many sows’ ears as she likes for $1 each.
suppose there are two types of people who need health insurance high-risk and low-risk consumers. high-risk consumers
Assume that the market for wheat is perfect competitive, with demand curve P = 5000 - 0.01QD and a supply curve P = 1+0.1QS. Each identical wheat producer has a total cost curve given by T C = 1+Q+Q2 which results in marginal cost of MC = 1 + 2Q.
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