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Which of the following facts is NOT true?
Business cycles are unpredictable
As output falls, inflation increases
Business cycles come at irregular intervals
As output increases, cyclical unemployment decreases
Describe one or more specific examples of how businesses you know are using one-to-one communication to build a stronger relationship with you. (Note: Often these are little things done to build rapport and loyalty
Suppose that demand for a product is Q = 1000 – P and supply is Q = 9P. Furthermore, suppose that the marginal external damage of this product is $20 per unit. Suppose this is a negative production externality. Calculate the Q currently being produce..
Use the circular flow model to provide a picture of how households, firms, and governments interact in the US economy and how the US and other economies interact in the global economy
How can an entrant mitigate the risks associated with sunk costs? How might sunk costs of entry actually facilitate entry?
The total value added in the production of a final good a. exceeds the price of the final good b. equals the price of the final good c. exceeds the total payments made to owners of productive resources used in the production
Why are coal miners in China paid higher than factory workers even though they have received more or less the same level of education and training? Why are workers with good looks paid higher in some jobs, but not in others? A recent report released ..
Draw a graph with “hours of typing” on the horizontal axis and “hours of filing” on the vertical. Do your indifference curves slope upward or downward? Why? Would you expect the indifference curve to be steeper or shallower at points that represent a..
Donald is a stamp collector. The only things other than stamps that Donald consumes are Harold’s doughnuts. It turns out that Donald’s preferences are quasilinear, represented by the utility function U(d, s) = ln d + s, where d is the number of dough..
An agricultural firm has a production function (products of the whole year) given by q = 500 SQRT(SF). q is output of agricultural products in pounds. S is land area in square feet. F is number of farmers working. Find the best way to produce 10000 p..
How is packet-switching related to the Internet and why is it important? How is TCP/IP related to the Internet and why is it important? How are HTTP and HTML related to the World Wide Web and why are they important? What is a web browser and why is i..
Given what you know about the likely effects of climate change, how are people in different countries likely to value efforts to reduce the rate of global warming?
the original manufacturer is deciding whether they should continue production of the toy truck. If the estimated demand is $100,000 trucks, what is the breakeven price for the toy truck? Should you shut down?
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