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1.What are the four basic assumptions about individual preferences? Explain the significance or meaning of each.
2. Can a set of indifference curves be upward sloping? If so, what would this tell you about the two goods?
illustrate the following with supply and demand curves. for each include 1-3 sentences explaining your graph. for full
Discuss the economic effects of monopoly.
How has Disney differentiated, adapted, and innovated its park experience while still maintaining it’s branding, quality, and relevance around the world? How successful do you think the organization has been in globalizing the Disney Parks brand?
suppose that there are 10 million workers in canada and that each of these workers can produce either 2 cars or 30
question 1. consider toms labor supply decision. tom can earn 15 per hour but he faces a 20 tax rate and pays 4 per
1 explain the securitization process as it relates to the housing market. what is the rationale for the establishment
In the perfectly competitive market, a firm's marginal revenue is equal - is the same as the whole market demand curve.
The rational expectations theory indicates that expansionary policy will:
One of the functions of price is to ration resources and goods and services. What do we mean when we say price serves as a rationing device Elaborate your response in relation to scarcity and in terms of the demand and supply model
The scientific method is more difficult for economists than, say, chemists, because: a-controlled laboratory conditions are more problematic in economics. b-it is difficult to hold other factors that may affect the variables being studied constant in..
Look at the data on quarterly real GDP growth from 1999 through 2001 and then from 2007 through 2009. Which recession has larger negative values for GDP growth, the recession centered on 2000 or the recession centered on 2008?
The consequences of including irrelevant variables in an OLS regression model are
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